Quotes of the dollar yen currency pair USD/JPY continued to fall, but at the moment has the potential to start the formation of the descending pattern forex 5-0 for the purpose of falling below 99.
USD JPY Forecast Yen Dollar — June 28, 2016
To complete the model you want to see the growth of quotations of USD/JPY in the area above the level of 103, where you can try to sell with a close stop. Cancellation option of continuing drop in prices pair Dollar Yen forex will be a strong growth above the level of 106, which will provoke the continued growth of USD/JPY in the area above the level of 108.
USD JPY Forecast Yen Dollar — June 28, 2016 suggests an attempt to upward correction in the area 103 where is expected to continue falling to the level of 99, in the framework of working out a bearish pattern 5-0.
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