USD JPY Dollar exchange rate forecast on September 8, 2016


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Quotes of the dollar yen currency pair USD JPY is trading fully in line with expectations and our forecast USD JPY for tomorrow. At the moment, there is potential for further pair of quotes falls to below 101 within assurances forming bullish patterns 5-0.

USD JPY Dollar exchange rate forecast on September 8, 2016

USD JPY Dollar exchange rate forecast on September 8, 2016

Already from the lower boundary of the rising pattern is expected to start growing in the area above the level of 104. Cancellation option will be the breakdown of the channel, but in this case we should not expect a serious drop in prices USD JPY far down. An additional signal for the continuation of falling of pair Dollar Yen appears breakdown ascending trend line on the indicator of relative strength.

USD JPY Dollar exchange rate forecast on September 8, 2016 suggests an attempt to fall to 101 within the framework of the completion of the formation of bovine model 5-0.

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