Quotes of the dollar yen currency pair USD JPY continued to move in the downward trend. At the moment, there is the potential to see a continuation of the fall in the area below the local minimum.
USD JPY Forecast Dollar Yen — June 2016
In favor of the continuation of falling USD/JPY Forex stands test of the descending trend line on the indicator of relative strength. Cancellation option of continuing the fall can be a break of 112, closing prices that could trigger the growth of quotations of the dollar yen higher than 118, in the framework of working off of a broken trend line on the indicator RSI.
USD JPY Forecast Dollar Yen — June 2016 suggests a continuation of the downtrend development with the potential to decrease below the level of 103.
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