Quotes of the dollar yen currency pair USD JPY continues to move in the pivot head and shoulders pattern, which is able to send the couple to the development of a downward correction with the potential to reduce to below 112.50 area.
USD JPY forecast dollar exchange rate on December 8, 2016
Cancellation option will be a strong growth of quotations of the pair above the level of 115, which indicates the continuation of growth. Is expected to accelerate the fall of the pair is a breakdown of the level of 113.10. Among the important events that may have an impact on the Japanese yen against the US dollar tomorrow, December 8, 2016 stands out, current account balance, and volume Change the runway, where it is expected a slight increase in the indicator.
USD JPY forecast dollar exchange rate on December 8, 2016 suggests an attempt to fall within the mining reversal forex head and shoulders pattern with the immediate goal of the fall in the level of 112.50, the cancellation will rise above the local maximum level.
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