Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continue to move in the fall. At this point, we should expect an attempt to test the level of 110.00 and start growth in the area above the level of 112.05 as part of the development of the bullish model «Wolfe Wave».
USD/JPY forecast & technical analysis January 16, 2018
In favor of the USD/JPY growth, a support line test will be performed on the relative strength index (RSI). The cancellation of the growth variant of the Dollar/Yen pair will result in a drop and a level break at 108.50, which will indicate the cancellation of the model and the continued fall of the pair USD / JPY to Forex.
USD/JPY forecast & technical analysis January 16, 2018 suggests an attempt to test the lower boundary of the bullish «Wolfe Wave» model near the 110.00 area and continue growth to the area above 112.05, the break-through of the growth option will be a breakdown of the area of 108.50.
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