Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the 112.11 area. At this point, we should expect an attempt to continue the fall of the pair into the area below the level of 109.90 within the framework of the formation of the bullish «Wolfe Wave» model.
USD/JPY weekly forecast on December 18 — 22, 2017
Further, the pair continues to grow above the level of 115.00. In favor of growth, the Dollar/Yen will test the support line on the indicator of relative strength index (RSI). The cancellation of the growth of the pair USD/JPY on the current trading week will be a fall and breakdown of the area 108.00, which will indicate a fall in the pair’s growth on Forex.
USD/JPY weekly forecast on December 18 — 22, 2017 suggests an attempt to drop quotes below the level of 109.90 within the framework of the formation of the bullish «Wolfe Wave» model, from which it is worth waiting for the pair to start growing, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the abolition of the reduction option will be a breakdown of the level of 108.00, indicating that the pair continues to fall.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
