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20.11.201714:56 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USDJPY currency pair as of November 20, 2017

Long-term review

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The USD/JPY currency pair is showing an active downward movement, testing the level of 114.40. In the beginning of the month, the price was able to reach more than 200 points bring the price closer to the key value. Currently, the quote is close to the value of 112.00, forming two-digit candles. Yet, there are still indications for a bearish interest. It is possible to assume that the quotation will still be a bit dull. However, there are signs of support when it reaches the quotation ranging almost to the levels of 111.50 / 111.90, which allows the bulls to return to the market. In case that the forecast occurs, there is a possibility for a corrective movement to the levels of 112.40 / 112.80.

Key Levels

Resistance zones: 113,00 **; 114.40; 115.50

Support zones: 111,50 / 111,90 *; 110.60 **

* range level

** periodic level

Draw your attention: Predictions are not a direct guide to action!

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