Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 113.30. At this point, we should expect an attempt to continue the fall of the pair into the region below the level of 109.90 within the framework of the formation of the bullish «Wolfe Wave» model.
USD/JPY weekly forecast on December 25 — 29, 2017
Further, the pair continues to grow above the level of 115.00. In favor of the fall, the Dollar/Yen will test the resistance line on the indicator of relative strength index (RSI). The cancellation of the USD/JPY fall in the current trading week will be a strong growth and breakdown of the 114.60 area, which will indicate a fall in the pair’s growth on Forex.
USD/JPY weekly forecast on December 25 — 29, 2017 suggests an attempt to test the upper border of the channel and continue falling 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 the fall will make the trend line test on the relative strength index (RSI), the abolition of the decline option will be a breakdown at level 114.60, indicating that the pair continues to grow.
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