Forex USD JPY Forecast Dollar Yen on November 24, 2016


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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

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.

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