Quotes Dollar Yen currency pair USD JPY continues to move in the forex bullish wave pattern Wolfe with a potential target of the level above 114.45 area. Moreover shaped reversal pattern Forex inverted head and shoulders, which also points to the potential growth already from current levels.
USD JPY Forecast Japanese Yen on March 1, 2017
We made our way to buy the pair with the tight stop loss below the local minimum, the breakdown of which points to the continued decline of quotations pair.
Expect faster growth of quotations of USD/JPY is a breakdown field of 112.90 that will indicate an output of quotations pair Dollar Yen beyond bullish wave pattern Wolfe, as well as the completion of the model’s head and shoulders.
Important news from Japan is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY Forecast Japanese Yen on March 1, 2017 suggests an attempt to increase within the mining model ascending Wolfe waves with a common goal of growth above the 114.45 area.
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