Technical analysis of USD/JPY for November 24, 2016 888011000 110888 USD/JPY is expected to dominate its upside motion. The set bounced off its 20-period and 50-period moving averages, and is accelerating on the upside. The relative strength index is bullish above its neutrality level at 50, which promotes additional upsides. On Wednesday, U.S. indices closed blended. The Dow Jones Industrial published a brand-new all-time high while the Nasdaq 100 combined. The Dow Jones Industrial Average gained 59 points (+0.3%) to 19,083, the S&P 500 was flat at 2,205 &, and the Nasdaq Composite was down 6 points( -0.1%)to 5,381. Healthcare Equipment & & Provider, Capital Goods and Telecommunication Solutions sectorssurpassed, while Food, Drink & Tobacco, Utilities and Property sectors underperformed.The ICE U.S. Dollar Index rose 0.65%to 101.70, a fresh13-year high after stronger than anticipated U.S. financial data.Therefore, as long as the crucial support at 111.30 is not broken, the set is likely to challenge its next resistance at 113.75, and 114.30 in extension. Trading Suggestion: The pair is trading above its pivot point. It is most likely to sell a broader range as long as it remains above its pivot point. Therefore, long positions are suggested with the first target at 113.75 and the 2nd one at 114.30. In the alternative situation, short positions are suggested with the first target at 110.75 if the cost moves below its pivot point. A break of this target is likely to press the set further downwards, and one may expect the second target at 110.20. The pivot point lies at 111.30. Resistancelevels: 112.00, 112.45, 113.15 Assistance levels: 110.20, 109.80, 109.20 The material has been offered by InstaForex Business-www.instaforex.com

By | November 24, 2016

< img width =" 450" src= "http://qkfx.com/wp-content/uploads/2016/11/technical-analysis-of-usdjpy-for-november-24-2016.png" alt=" USDJPYM30.png"/ > USD/JPY is anticipated to dominate its upside movement. The pair bounced off its 20-period and 50-period moving averages, and is speeding up on the upside. The relative strength index is bullish above its neutrality level at 50, which promotes further benefits.

On Wednesday, U.S. indices closed blended. The Dow Jones Industrial published a brand-new all-time high while the Nasdaq 100 consolidated. The Dow Jones Industrial Average got 59 points (+0.3%) to 19,083, the S&P 500 was flat at 2,205, and the Nasdaq Composite was down 6 points (-0.1%) to 5,381.

Health Care Devices & & Provider, Capital Product and Telecommunication Services sectors exceeded, while Food, Beverage & & Tobacco, Utilities and Realty sectors underperformed.The ICE U.S. Dollar Index rose 0.65% to 101.70, a fresh 13-year high after stronger than expected U.S. financial data.Therefore, as long as the crucial assistance at 111.30 is not broken, the set is most likely to challenge its next resistance at 113.75, and 114.30 in extension. Trading Recommendation: The pair is trading above its pivot point.

It is most likely to trade in a wider variety as long as it remains above its pivot point. Long positions are suggested with the very first target at 113.75 and the 2nd one at 114.30. In the option situation, short positions are advised with the very first target at 110.75 if the price moves below its pivot point. A break of this target is most likely to press the pair more downwards, and one might anticipate the 2nd target at 110.20. The pivot point lies at 111.30. Resistance levels: 112.00, 112.45, 113.15 Support levels: 110.20, 109.80, 109.20 The product has actually been supplied by

InstaForex Company – www.instaforex.com

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