Quotes of the dollar yen currency pair USD JPY continues to test the upper boundary of the rising channel, which indicates a potential drop to below 103. Cancellation option drop in prices pair yen dollar will be strong price growth above the level of 105, which points to the continued growth of quotations of the pair. In this case, we can expect acceleration of the upward movement of the pair.
USD JPY FOREX forecast Dollar Yen on October 26, 2016
An additional signal in favor of the fall is the resistance of the downlink test indicator of relative strength.
USD JPY FOREX forecast Dollar Yen on October 26, 2016 suggests an attempt to fall in the rebound from the top of the rising channel line with the target of the fall an 103 level.
