Currency pair USD/JPY continues to fall within the downtrend. At the moment, there is the potential for the formation of inverted head and shoulders pattern.
FOREX USD/JPY forecast 06.06.2016 — 10.06.2016
As you can see, the quotes are already testing the right shoulder area, and are expected to increase in the near future attempt. However, in the case of continuation of falling of quotations USD JPY below 106 is expected to continue falling to below 102.
FOREX USD/JPY forecast 06.06.2016 — 10.06.2016 suggests an attempt to increase in the event of the formation of topping models at small intervals, if we see a drop below 106, in this case, we can expect new local minimum.
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