USD JPY forecast Dollar Yen on November 3, 2016


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Quotes Dollar Yen currency pair USD JPY continues to fall in line with expectations and at the moment there is a potential for further reduction to below 101. We continue to keep selling Yen Dollar currency pair, stop the transaction moved to the entry point and expect the Fed’s decision on rates, which can completely change the situation in the forex market.

USD JPY forecast Dollar Yen on November 3, 2016

USD JPY forecast Dollar Yen on November 3, 2016

Also, do not rule out an attempt to increase the pair quotes at 104.50 whim to complete the formation of the right shoulder forex head and shoulders pattern that points to a continuation of the fall to the bottom of the channel.

USD JPY forecast Dollar Yen on November 3, 2016 assumes continuation of reduction for the purpose at a level below the area 101.

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