On 6.03.2016 we have an attempt of correlation in the framework of finishing the “Head & Shoulders” model to use it at the level lower than 1.3870.
The currency pair Dollar/Yen USD/JPY is still traded in the framework of Forex triangle model. We will try the aggressive sales with a stop higher than the top level of the model’s border. Up breaking of the triangle will cancel the falling and pierce the model’s bottom border. The potential goal of Japanese Yen’s quotations falling on Forex is still the area at the level of 107.50. Reaching the level 112.50 you can try the aggressive sales of USD JPY.
Daily forex forecast/signal USD/JPY on March 16.
Thus, the technical analysis of USD/JPY, Forex forecast on 16.03.2016 consider the attempt of the triangle model’s bottom border breaking with the following falling at the level 107.50.
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