Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move within the framework of the bullish trend and at the moment the pair is testing the support area. It is worth expecting a rebound and continued growth. In favor of the growth of the pair US Dollar to Japanese Yen is the formation of a bullish Wolfe wave, as well as the breakdown of the downward trend line on the indicator of relative strength.
USD/JPY forecast Japanese Yen on May 16, 2017
The cancellation of the variant of the pair US Dollar to Japanese Yen USD/JPY growth will be the fall and the breakdown of the 113.00 area, which will indicate that the USD/JPY pair will continue to decline.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis USD/JPY.
USD/JPY forecast Japanese Yen on May 16, 2017 suggests an attempt to increase to an area above the level of 114.20 in the frames of the beginning of the working of the bullish Wolfe wave, the cancellation will be the fall and breakdown of the 113.00 area.
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