Currency pair USD JPY ended the trading week at 101.29. At the moment, there is the potential to see a continuation of falling of pair USD/JPY in the framework of working out the model’s head and shoulders in order to reduce the level of 99.50.
USD JPY forecast for the week of 15 August — 19 August, 2016
Cancellation option drop in prices USD/JPY will be strong growth and penetration level of 103.50. Increase the amount of sales only after the breakdown level of 101. An additional signal in favor of the continuation of falling USD/JPY quotes favor the formation of a similar model in the display relative strength.
USD JPY forecast for the week of 15 August — 19 August, 2016 suggests an attempt to fall within the mining reversal forex models to fall below the level of 99.50.
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