Quotes of the dollar yen currency pair USD JPY continued tight test resistance area at 111.00. At the moment, there is potential for a downward correction to the nearest support at 106.50 below.
Forex USD JPY Forecast Dollar Yen on November 24, 2016
Cancellation option will be a strong growth of quotations pair Dollar Yen 111.70 and a break area that will point to a continuation of an upward trend.
Forex USD JPY Forecast Dollar Yen on November 24, 2016 suggests an attempt to fall within the framework of the development of a downward correction for the purpose of falling below the 106.50 area. In favor of a downward correction in favor of formation of topping forex head and shoulders pattern on the chart, so a breakdown level of 110.50 is expected to accelerate the fall of quotes pair.