FOREX USD/JPY forecast May 17 2016


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Currency pair USD/JPY continues to trade in the forex near the level of 108.80. At the moment, there is potential for further quotations fall within the completion of work on FOREX model failure swing on the indicator RSI. The purpose of the fall and testing of such a model is the area on the level below 108.

FOREX USD/JPY forecast May 17 2016

FOREX USD/JPY forecast May 17 2016

Cancellation option will update the field and growth of 109.30 RSI indicator values higher than 70. An additional signal to fall as testing the descending line of resistance on the relative strength indicator, which also involves the continuation of the fall. Thus, FOREX USD/JPY forecast May 17 2016 indicates an attempt to continue the downward trend in order to reduce the level of 108.


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