Quotes of the dollar yen currency pair USD JPY traded at 104.14, and at the moment there is a potential for falling of pair within quotation working out a reversal pattern Forex Head and shoulders in order to reduce the area below 102.50. Cancellation option will be the pair of strong growth and the breakdown of the area above the level of 104.60, which will point to a continuation of the upward movement.
USD JPY Forecast Forex Dollar Yen on October 17, 2016
An additional signal in favor of the fall is the formation of topping model an indicator of the relative strength of failure swing, indicating a potential breakdown of the field at the level of 102.80.
USD JPY Forecast Forex Dollar Yen on October 17, 2016 suggests the pair fall in an attempt to start mining within the forex pivot model head and shoulders in order to reduce the level of 102.50.
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