Quotes of the dollar yen currency pair USD JPY continues to test the area of a local maximum. At the moment, there is the potential for the drop in prices to USD JPY below 102.40. Cancellation option will be a strong growth of quotations of dollar above the level of 104.70 yen, which will point to the abolition of the mining model, forex head and shoulders.
USD JPY FOREX forecast Dollar Yen on October 25, 2016
In the case of growth of quotations beyond the upper boundary of the rising channel is expected to attempt to continue the development of the upward trend for the pair.
USD JPY FOREX forecast Dollar Yen on October 25, 2016 suggests an attempt to fall within the beginning of working out a reversal forex model head and shoulders to reduce below the level of 102.40.
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