Quotes of the dollar yen currency pair USD JPY continue within the framework of development in the correction, and now completed the formation of a bullish wave pattern Wolfe with the upside above the level of 118.70. Cancellation option will drop and the breakdown field 113.50.
USD JPY Forecast Dollar Yen on January 13, 2017
In favor of a continued growth of quotations serves hearty test the support line on the indicator of relative strength. We try to buy the pair Dollar Yen with tight stop.
Important news from Japan is expected tomorrow, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY Forecast Dollar Yen on January 13, 2017 suggests an attempt to increase within the mining start rising forex wave pattern Wolfe with a potential target of growth above the level of 118.70, the cancellation will sample the lower model Wolfe wave border with closing quotations below the level of 113.50.
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