Currency pair USD JPY is trying to start from the lows, but the quality of the signal in the form of the support line on the indicator of relative strength is not followed. At the moment there is a potential for continued growth of quotations currency pair dollar yen in the area above the level of 103.50, from which we can expect a rebound. In the case of penetration of the field of 104, it will point to the continued growth of quotations USD JPY in the area above the level of 106.
USD JPY Forecast Japanese Yen 8 August — 12 August, 2016
However, we should not exclude the fall of the pair to attempt a local minimum and a subsequent test support area on the display relative strength again try to buy the pair.
USD JPY Forecast Japanese Yen 8 August — 12 August, 2016 suggests an attempt to continue the correction for the purpose at the level of 103.50, from which we can expect the beginning of falling.
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