Forex forecast Dollar Yen USD JPY on November 2, 2016


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Quotes of the dollar yen currency pair USD JPY continues to closely test the resistance area in the form of the upper boundary of the rising channel. A strong signal in favor of the fall is the formation of topping models forex head and shoulders on the chart, as well as the formation of the model failure swing on the indicator of relative strength.

Forex forecast Dollar Yen USD JPY on November 2, 2016

Forex forecast Dollar Yen USD JPY on November 2, 2016

Cancellation option will be a breakdown of the upper boundary of the channel, and the growth of quotations USD JPY above 105.80 levels. The purpose of the fall is the area on the level below 103. We try to sell the pair with the tight stop.

Forex forecast Dollar Yen USD JPY on November 2, 2016 suggests an attempt to fall within the beginning of working out the forex head and shoulders pattern, Cancellation option will update the local maximum level.

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