Dollar Yen currency pair USD JPY closed the week at 101.84. At the moment, preserved potential for continued growth of quotations pair USD JPY to the upper boundary of the descending channel, where we can expect the fall update and the field of local minimum.
USD JPY forecast for the week of 29 August, 2016 — 2 September, 2016
Cancellation option drop in prices USD JPY will be the upper limit of the breakdown and continued growth of quotations of the pair above the 104.50 level. An additional signal in favor of the continuation of falling of quotations USD JPY testing the descending trendline on the Relative Strength indicator, which also confirms the continuation of the fall in the pair.
USD JPY forecast for the week of 29 August, 2016 — 2 September, 2016 assumes continued growth of quotations of dollar yen pair to the upper boundary of the descending channel, where should try to sell and wait for the fall of quotations USD JPY to a local minimum.
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