Quotes of the dollar yen currency pair USD/JPY continues to trade near the level of the local minimum. Currently we should expect continuation of falling USD JPY in the framework of the descending pattern 1:1 with a potential target of the fall to below 103.
USD JPY FOREX forecast — June 22, 2016
Cancellation option of falling of quotations of the dollar against the yen will be strong growth above the level of 105, which can provoke a continuation of growth in the area above the level 106. An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength; it also suggests a drop since the current levels.
USD JPY FOREX forecast — June 22, 2016 indicates a continued reduction potential within the mining model bear 1:1 in order to below 103.
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