Technical analysis and trading recommendations for the currency pair USDJPY for November 9, 2017

The currency pair USDJPY once again tested the level 114,40 in the beginning of the trading week, forming already a fact correction. Now we see high volatility, moving near the periodic level 113,40. Likely to assume that «bear» interest remains on the market, but the current level 113,40 can help stop which will serve to regroup. If the quotation manages to fix below the value 113,40, you probably assume that the further progress towards 112,95/112,70.

Key levels

Resistance zone: 114,40; 115,50.

Support zone: 113,40*; 112,95; 111,60.

*Periodic level

Please note that forecasts are not a direct guide to action!

The material has been provided by InstaForex company — www.instaforex.com

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