Quotes of the dollar yen currency pair USD JPY despite the forward showed growth. At the moment, there is potential for the beginning of falling of pair within the limits of formation of inverted head and shoulders pattern, then we can expect the beginning of growth of quotations USD JPY.
USD JPY Forecast the dollar to the yen on July 13, 2016
The purpose of working out such a model can be a region at a level above 108 Cancellation option will drop in prices pair below the level of 100, which will cancel the reversal pattern. In favor of the falling USD JPY from the current and the formation of the right shoulder pattern indicates resistance downlink test indicator of relative strength.
USD JPY Forecast the dollar to the yen on July 13, 2016 suggests an attempt to fall in the region at 101, where you can try to buy the pair USD JPY with a close stop.
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