<aDaily analysis of USD/JPY for November 25, 2016 888011000 110888 Introduction The USDJPY set continued rising plainly. It reached the level a couple of pips away from our main waited for target at 113.97. Due to the strength of this level, the price may deal with some unfavorable pressure and effort to return to the correction bearish track, specifically considered that stochastic programs clearly overbought signals. The bearish predisposition is recommended in the upcoming sessions, and the main target is represented by screening 112.05 levels. It is essential to monitor the price behavior when reaching this level, as the break will extend the bearish wave to target 106.63 locations again, while the bearish predisposition will stay valid unless the price manages to hold and breach above 113.97 levels. The anticipated trading variety for today is between the 112.05 assistance and the 114.30 resistance. The product has been provided by InstaForex Company- www.instaforex.com

By | November 25, 2016

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Overview

The USDJPY pair continued rising clearly. It reached the level a few pips away from our main awaited target at 113.97. Due to the strength of this level, the price might face some negative pressure and attempt to return to the correction bearish track, especially given that stochastic shows clearly overbought signals. Therefore, the bearish bias is suggested in the upcoming sessions, and the main target is represented by testing 112.05 levels. It is important to monitor the price behavior when reaching this level, as the break will extend the bearish wave to target 106.63 areas again, while the bearish bias will remain valid unless the price manages to breach and hold above 113.97 levels. The expected trading range for today is between the 112.05 support and the 114.30 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander