Quotes of the dollar yen currency pair USD JPY continues to move in the forex bullish wave pattern Wolfe with a potential target of the level above 116.
There are currently retained potential for drop in prices to below the level of 112 in the rebound from the descending trend line on the indicator of relative strength.
USD JPY Forecast Dollar Yen on February 15, 2017
Already near the level of 112 is expected next attempt quotes growth USD/JPY, tight test the support line will act in favor of a rise in the relative strength indicator. Cancellation option of upward movement for the pair will drop and the sample area 11.70, which indicates an area in the continued decline below 111.00.
Important news from Japan is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY Forecast Dollar Yen on February 15, 2017 suggests an attempt to test the area 112, where the pair will meet support line test on the relative strength indicator that points to continued growth within the mining model ascending Wolfe waves.
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