Currency pair USD JPY Forex showed a local maximum update. At the moment, we can expect an attempt to correct quotations pair Dollar Yen only a breakdown of the rising channel’s lower border.
USD JPY Forex forecast on November 21, 2016
The purpose of the correction may be a region at the lower end bullish pattern 5-0, near the area of 107.25. In the case of rebound of quotations pair Dollar Yen on the level of 110 is expected to continue upward trend in the development of the area above level 111.
USD JPY Forex forecast on November 21, 2016 suggests an attempt of a downward correction, but the full reduction is expected only to lower breakdown border of the rising channel.