Quotes of the dollar yen currency pair USD JPY continued development of growth within the mining punched bandwidth. At the moment, there is potential for further price growth above the level of 109. However, we should not exclude the level of the test attempt 106 under the complete formation of the bullish pattern 5-0, followed by the growth of quotations of dollar yen pair to above the level of 108.
USD JPY Forecast of the dollar on November 15, 2016
Cancellation option will drop the pair quotes below 10-5 level that points to the continued decline of quotations USD JPY to below 102.
USD JPY Forecast of the dollar on November 15, 2016 suggests an attempt to reduce to the lower boundary of the rising pattern 5-0, and then we should expect continued growth to 108 higher levels.