USD JPY Forecast on November 21, 2016 — November 25, 2016


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Dollar Yen currency pair USD JPY finished the trading week of strong growth at the level of 110.90. As you can see, the pair is trading within a strong bullish trend.

USD JPY Forecast on November 21, 2016 — November 25, 2016

USD JPY Forecast on November 21, 2016 — November 25, 2016

At the moment, there is a potential for continued growth of quotations within the mining width punched ascending channel, but is considered conservative buying only with a dense dough pierced channel. A potential target for the development of an upward movement of the Japanese yen is the area at a level above 115; the cancellation option will become stronger drop in prices USD JPY below 107.50, which indicates the continuation of a potential decrease in the test area 103.

USD JPY Forecast on November 21, 2016 — November 25, 2016 suggests an attempt to continue the growth of quotations after a minor correction in the area 109, where we should expect the continuation of an upward trend.

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