Quotes of the dollar yen currency pair USD/JPY continued to fall in line with expectations. At the moment, there is potential for further drop in prices USD JPY further down in the area at a level below 104.
USD JPY Forecast FOREX — June 7, 2016
Cancellation option may be to try a reversal from these levels, in this case, you can get forex reversal patterns and head and shoulders to see strong growth in the dollar yen pair quotes. USD JPY Forecast FOREX — June 7, 2016 assumes a continuation of a pair of quotes fall within the descending pattern 1:1 with a view to a potential lower than 104, the cancellation option will be strong growth of quotations USD JPY higher than 109.
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