Dollar Yen currency pair USD JPY closed the week near resistance levels, but at the moment is preserved for potential drop in prices in the rebound from the top of the rising channel, as well as through dense resistance test on the indicator of relative strength. The purpose of the fall in this case is the area at a level below 102.
USD JPY forecast October 24, 2016 — October 28, 2016
Cancellation option will be a strong growth of quotations of dollar yen pair above the level of 104.50, which points to the breakdown of the top channel and the formation of a bullish signal in favor of the continued growth of quotations of the pair.
USD JPY forecast October 24, 2016 — October 28, 2016 suggests an attempt to rebound from the upper border of the channel and the fall in the area at the level of 102, the cancellation will be the quotations going beyond the channel up.
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