Dollar Yen Forecast USD JPY on November 1, 2016


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Quotes of the dollar yen currency pair USD JPY continues to test the upper boundary of the channel, which indicates a likely rebound and try to drop in prices pair Dollar Yen. Cancellation option will update the local maximum area that will provoke the continued growth of quotations USD JPY with a view above the level of 107.

Dollar Yen Forecast USD JPY on November 1, 2016

Dollar Yen Forecast USD JPY on November 1, 2016

A qualitative signal in favor of the fall will be the formation of topping models forex head and shoulders with a breakdown of the level of 104.50, where you can try short positions on the pair with a close stop.

Dollar Yen Forecast USD JPY on November 1, 2016 suggests an attempt to fall in the rebound from the resistance area.

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