Quotes of the dollar yen currency pair USD JPY will continue to move in line with expectations and at the moment there is a potential for growth in the area above the level of 118. However, we should not exclude another attempt to fall into local minimum area for the completion of the formation of bullish forex Wolfe wave model.
USD JPY Forecast on January 11, 2017
Cancellation option will drop in prices pair Dollar Yen below the level of 114.50, which will point to continued decline. In favor of a growth indicator also serves rebound values relative strength of the support line. Expect faster growth is a breakdown field 117.40.
Important news from Japan is expected tomorrow, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY Forecast on January 11, 2017 suggests an attempt to increase in the area above the local maximum level, but do not exclude the fall of an attempt to lower the level of 115 in the framework of the completion bullish wave pattern Wolfe.
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