Quotes of the dollar yen currency pair USD JPY continues to move in the upward mining forex wave pattern Wolfe with a potential target of growth above the level of 118.50. Currently quotes show a decrease, but the potential for growth of the pair is maintained until the pierced area below the level of 111.50.
USD JPY Forecast dollar yen on January 24, 2017
Expect faster growth of quotations is from the breakdown area 115.80. Important news from Japan is expected tomorrow, so the pair will continue to move in the technical analysis of USD/JPY.
In the case of a drop in prices pair below 111.50, we can expect continuation of decrease in an attempt to lower the level of 107.70.
USD JPY Forecast dollar yen on January 24, 2017 suggests an attempt to increase within the mining bullish forex wave pattern Wolfe with a potential target of growth above the level of 118.50.
