USDJPY – 28.10.2016


usd_jpy_28-10-2016

The USD/JPY pair has reached the target of the extension. We think, today the price may form another consolidation range with a reversal pattern. Possibly, the instrument may break 105.00 to the downside and start falling to reach 103.00. Later, in our opinion, the market may return to 104.00 and then fall towards 101.00.

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