Dollar Yen currency pair USD JPY closed the week at 104.68. Currently quotes are back inside the rising channel, which indicates a drop in prices pair Dollar Yen to decline at a level below the area 102. Cancellation option will be a strong growth of quotations USD JPY higher than 106, which will indicate the full output of the channel, quotes and a continuation couples of quotations growth in the area above the level of 109.
USD JPY forecast on October 31, 2016 — November 4, 2016
However, as the primary option in favor decrease in quotations below 102 in the rebound from the resistance area.
USD JPY forecast on October 31, 2016 — November 4, 2016 suggests an attempt to fall in favor of such an option testing the resistance line on the indicator of relative strength.