Dollar Yen currency pair USD JPY closed the week at 103.84. To date, saved the potential for rebound and began falling USD JPY quotes as part of the descending pattern of 1:1 in order to fall below 99.
USD JPY Forecast on September 5, 2016 — September 9, 2016
Cancellation option of falling of pair of quotes for the next trading week will be a strong growth area and the breakdown of the upper boundary of the descending channel that will indicate at the end of fall and beginning of upward correction with targets above the area 106. An additional benefit of the start signal falling USD JPY next week, testing the resistance line of the display relative strength, which also indicates a decrease in the area of a local minimum.
USD JPY Forecast on September 5, 2016 — September 9, 2016 suggests an attempt to fall within the beginning of working out a bearish pattern 1:1 in order to fall below the area 99, the cancellation will be the output pair of the channel.
