Quotes of the dollar yen currency pair USD JPY continues to move in the formation of bullish forex wave pattern Wolfe with a potential upside target level above 115. In favor of a rebound and the growth is the beginning of the test the support line on the indicator of relative strength.
USD JPY Forecast dollar yen on February 8, 2017
Cancellation option of continued growth of quotations of dollar yen pair, will fall and breakdown area 111.00. We try to buy the pair USD/JPY with a tight stop and are ready to increase the volume of purchases with the development of the movement.
Important news from Japan is not expected, so the pair will continue to move in the technical analysis of USD/JPY.Expect faster growth of quotations is a breakdown of the level of 112.85.
USD JPY Forecast dollar yen on February 8, 2017 suggests an attempt to increase as a continuation of the rising forex mining model Wolfe waves with a potential target of growth above the level of 115.
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