Quotes of the dollar yen currency pair USD JPY continued development of an upward trend. At the moment, the value of the relative strength indicator tight test the resistance line that points to a drop in prices and a rebound in the area below the level of 111.40, but high-quality models in favor of the sales so far in the graph no.
Forex USD JPY Forecast Dollar Yen on November 25, 2016
After a hearty support field test is expected to continue the development of an upward trend with the test levels above 115. In the case of the breakdown area 111.40 is expected to continue attempts of the downward trend with a view to fall below 108. Furthermore tomorrow is expected series of indicators from Japan that can cause mouth volatility, one of the most important will be presented to the consumer price index, is expected to change little from the level of -0.5% to -0.4%. These will be presented to the market in 02.30.
Forex USD JPY Forecast Dollar Yen on November 25, 2016 suggests an attempt correction in the rebound from the resistance of the field with a potential test of the support level of 111.40, from which we can expect a rebound and the continued development bullish trend for the pair.