Quotes of the dollar yen currency pair USD JPY continues to move in the forex complete model bearish wave Wolfe. To do this, there is potential for growth in the area above the level of 116, where we should expect falling of pair of quotes in the area below the level of 112.50.
USD JPY forecast dollar exchange rate on December 14, 2016
Cancellation option will continue to grow above the level of 117, which points to the breakdown of the resistance area and the pair continued growth of quotations. In favor of the fall since the current levels in favor of formation of topping models forex failure swing on the indicator of relative strength. Among the important news from Japan that will be presented to the market tomorrow, December 14, 2016, stands out, the Tankan index and its components.
USD JPY forecast dollar exchange rate on December 14, 2016 suggests an attempt to complete the forex model bearish Wolfe wave model with the potential to reduce to below the level of 112.50.
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