Currency pair USD JPY continued to fall in the current trading week. At the moment, there is potential for further drop in prices USD JPY to below 99 within the framework of completion of work on the model’s head and shoulders.
USD JPY Forecast Japanese Yen on 22 August — 26 August, 2016
Cancellation fall will be strong growth in the dollar yen pair above the level of 103.50, which points to the development of upward correction with the purpose of rising above the level of 106. Additional signals to bounce up will test the support line on the indicator of relative strength that will point to the potential purchase of USD JPY to close stop.
USD JPY Forecast Japanese Yen on 22 August — 26 August, 2016 suggests an attempt to fall to below 99, where should try to buy and wait for the start of upward correction.
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