Currency pair USD JPY continued to fall this week as part of the descending pattern 5-0. The purpose of the fall is the area below the level of 100, so at the beginning of the new trading week is expected to continue falling in the region of USD JPY below 99.
USD JPY forecast for the week July 11, 2016 — July 15, 2016
An additional signal for the continuation of the fall is the reversal pattern forming head and shoulders on the indicator of relative strength that already tells us continuing drop in prices USD JPY. Cancellation option continuation of falling of pair dollar yen in the forex would be a strong growth of quotations USD JPY above 103.50 level that will trigger the growth of the pair above the level of 108.
USD JPY forecast for the week July 11, 2016 — July 15, 2016 assumes a continuation depreciation of the dollar against the yen within completion of a bearish pattern 5-0.
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