Currency pair USD/JPY continued to fall in the downward trend. At the moment, there is potential for further drop in prices pair. As you can see, the nearest support on the relative strength indicator is slightly lower and the dollar against the yen is still room to fall.
USD JPY Forecast June 20, 2016 — June 24, 2016
We continue to hold the sale of USD/JPY, and are ready to increase the volume of short positions on the pair. Cancellation option can become a strong growth of quotations of dollar yen in the area above the level of 106.
USD JPY Forecast June 20, 2016 — June 24, 2016 suggests an attempt to continue to fall to below 102 as a continuation of the downtrend.
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