Currency pair yen dollar USDJPY this week showed an upward correction, but the continuation of falling of quotations of the dollar, the yen, we have not seen. At the moment, there is potential for development fall within the framework of the completion of the descending pattern is 1: 1, as well as due to the downward trend line test on the indicator of relative strength. As you can see, to test the upper boundary of the channel you want to see the continued growth of quotations USDJPY to 110, then it is possible to expect the beginning of falling.
USD/JPY forecast for the week 05.16.2016 — 05.20.2016
Cancellation option of devaluation of the usd/jpy forex on current trading week 05.16.2016 – 20.05.2016 will be a pair of strong growth and penetration of the upper boundary of the channel that will trigger the correction to the development at a level above 113. Thus, USD/JPY forecast for the week 05.16.2016 — 05.20.2016 assumes the completion of the descending pattern is 1:1 and the beginning of fall in the framework of the mining model.
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