ADVERTISEMENT



USD/JPY WILL LIKELY CONTINUE TO DECLINE 16.08.2016 by FXFINPRO CAPITAL

 

Price of USD/JPY after a long consolidation above the level of 100.85, has shown a sharp decline and in the near future with a high probability will decrease to 100.00. A break of this level will be the basis for further price reduction to 98,60-99,00. On the other hand, in case of growth, and overcoming the upper limit of the downward channel a signal to buy with targets at 106.40 and 108.00 will be the price fixing above 102.60. Our medium-term outlook remains positive, but the current drop is likely to continue in the near future.

 

 

Source: https://fxfinpro.com

Read 694 times

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Newsletter Subscription Form

You are more than welcome to subscribe to our Newsletter and be among the first who get to hear about regular updates on forex and other related news, brokers' updates, websites' changes and more!
I agree with the Terms and conditions and the Privacy policy
Thank you!