Quotes of the dollar yen currency pair USD JPY practically tested downward trendline. At the moment, the situation is cleared up and the pair is expected to attempt to fall in the rebound from the resistance area.
USD JPY Forecast FOREX Dollar Yen on September 5, 2016
An additional signal in favor of the fall is the formation of reversal pattern head and shoulders on the relative strength indicator that indicates an continuation of falling of pair yen dollar quotations for the purpose at a level below the area 101. Cancellation option will be a strong growth of quotations USD JPY above 104.50 levels that indicate a breakdown resistance region and the continuation of growth of pair Dollar yen.
USD JPY Forecast FOREX Dollar Yen on September 5, 2016 suggests an attempt to fall within the mining reversal forex model head and shoulders in order to reduce the area below 101.
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