Quotes of the dollar yen currency pair USD JPY will continue to move in line with expectations and at the moment has the potential to start the growth of quotations by the formation of inverted forex head and shoulders pattern. But do not rule out an attempt to test the lower boundary of the rising channel, where you can re-consider buying the pair Dollar Yen.
Forex USD JPY Forecast Dollar Yen on November 7, 2016
Cancellation option will drop in prices below the level of 102, which indicates a continuation of the fall in an area below the 101 potential targets for the pair is the area of the growth of quotations on the level above 106.
Forex USD JPY Forecast Dollar Yen on November 7, 2016 suggests an attempt of growth and refinement forex reversal patterns with the immediate goal above the level of 105, but in case of a fall and test the lower boundary of this does not negate the idea of a continuation of the growth of quotations pair USD JPY.