Currency pair USD JPY Forex continued to rise, but could not upgrade the level of a local maximum. We try to keep selling the pair with the tight stop above the level of 110.70. Cancellation option will be considered break of 111.
FOREX USD JPY Forecast — May 26, 2016
An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength; it also suggests a drop in prices USD JPY to below 108. FOREX USD JPY Forecast — May 26, 2016 indicates the potential drop in prices pair yen dollar as part of the beginning of the descending pattern of 1:1.
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