Currency pair USD JPY Forex Triangle has broken through the model up and was able to work out this figure. However, at the moment there are still test the descending trend line on the indicator of relative strength, which implies a drop in prices USD JPY.
FOREX USD/JPY forecast — June 1, 2016
There is also a potential for the formation of an inverted head and shoulders pattern, which also suggests a drop to below the 107.80 level, where we can expect the start of the upward movement. FOREX USD/JPY forecast — June 1, 2016 assumes a drop in prices in the rebound from the resistance line on the indicator of relative strength.
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