Forex USD JPY Forecast Dollar Yen on November 29, 2016


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Quotes of the dollar yen currency pair USD JPY continued development of correction, but currently quotes a pair of tightly tested the support area at 111.60, from which we can expect an attempt to continue the development of the uptrend with the upside above level 115. An additional test signal rising support line is in favor of growth the indicator of relative strength.

Forex USD JPY Forecast Dollar Yen on November 29, 2016

Forex USD JPY Forecast Dollar Yen on November 29, 2016

Cancellation option pairs USD JPY quotes growth will fall below the level of 111, which indicates the continuation of a downward correction to below 108. We have no open positions for the pair, but in the case of the formation of patterns in favor of shopping, we are ready to open the deal for the pair. Among the important news that could affect the Japanese yen tomorrow, November 29, 2016 stands out, the volume level changes of household expenditure, is expected to change in the level of -2.1% to -1.0%, which could have a short-term support Jena.

Forex USD JPY Forecast Dollar Yen on November 29, 2016 predpolagaet attempt to continue the development of an upward trend in the rebound from the support area.

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