Quotes of the dollar yen currency pair USD/JPY continued to fall in line with expectations and our forecast USD/JPY for tomorrow. At the moment, there is the potential to continue to fall below the level of 104 in the framework of the completion of the descending pattern of 1:1.
USD JPY Forecast Forex — June 15, 2016
Cancellation option of falling can be a strong growth of quotations of the dollar, the yen higher than 109. An additional signal in favor of the fall is the formation of topping forex head and shoulders pattern on the indicator of relative strength.
USD JPY Forecast Forex — June 15, 2016 assumes a drop in mining within the 1:1 model, as well as working out the forex reversal patterns on the indicator RSI.
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