Currency pair USD/JPY continues to trade within the descending pattern of 1:1 in order to fall below the level of 104. Cancellation option couples fall of quotations on the current trading week May 30, 2016 — June 3, 2016 will be strong growth in USD/JPY and penetration level of 110.70 prices closure.
USD/JPY Forecast May 30, 2016 — June 3, 2016
An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength, it also points to the drop in prices since the current levels. We continue to keep selling the pair with the tight stop.
USD/JPY Forecast May 30, 2016 — June 3, 2016 suggests couples fall attempt dollar yen to below 104 as part of the beginning of the descending pattern of 1:1.
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