Quotes of the pair USD/JPY US Dollar to Japanese Yen close the trading week near the area of 111.17. At this point, we should expect an attempt to test the level of the lower boundary of the bullish model of «Wolfe Wave» near 109.90 and start the pair’s growth in the area above the level of 116.20 as part of the development of the bullish model.
USD/JPY weekly forecast on January 15 — 19, 2018
In favor of the pair’s growth, the Yen Dollar will test the support area on the relative strength index (RSI). Cancellation of the growth variant of the pair USD/JPY in the current trading week will be a drop and a breakdown of the area of 108.50, which will indicate the continued fall of the pair to Forex.
USD/JPY weekly forecast on January 15 — 19, 2018 suggests an attempt to test the bottom of the upside near the area of 109.90, where it is worth waiting for the pair to start growing below the level of 116.20, an additional signal in favor of growth will be a test of the support area on the relative strength index (RSI), the cancellation of the pair’s growth option will be a level break at 108.50, indicating that the pair will continue to fall.