Quotes of the dollar yen currency pair USD JPY continues to trade in the framework of the formation of bullish wave pattern Wolfe, for the completion of the model it is important to see a drop in prices below the level of 102.50, where you can try to buy the pair with the tight stop. An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength, it also points to the decline.
USD JPY Forecast the dollar yen on November 9, 2016
Cancellation option will be a strong growth of quotations pair USD JPY above the local maximum level.
USD JPY Forecast the dollar yen on November 9, 2016 102.50 area suggests the test as part of the completion of bullish wave pattern Wolfe.