Currency pair USD JPY Dollar Yen continues to test the area of a local minimum. At the moment, there is potential for a rebound from this area in the framework of working out a reversal pattern on the indicator of relative strength.
USD JPY Forecast Japanese Yen exchange rate on September 2016
The immediate goal of growth of quotations of the currency pair USD JPY is the area at a level above 107. Cancellation option of the growth rate of the Dollar against the Japanese yen and the fall will be a strong level of shedding below 95, which points to a continuation of the fall of the currency pair. In addition to the reversal pattern in favor of growth of quotations USD JPY stands and test the uptrend line on the indicator of relative strength.
USD JPY Forecast Japanese Yen exchange rate on September 2016 suggests an attempt to increase within the mining model forex failure swing, but do not rule out re-test the area below 100.