Quotes of the dollar yen currency pair USD JPY continues within the bullish forex Wolfe wave model with the aim of improving the potential and growth above the level of 118.50. We keep buying the pair and try to increase the volume of purchases by the development of an upward movement.
USD JPY Forex Forecast Dollar Yen on January 16, 2017
In favor of the growth option performs the rebound from the support line on the indicator of relative strength. Cancellation option will break-down area 113.60 closing prices that will point to the abolition of the model and the continued decline of quotations Dollar Yen. Expect faster growth is a breakdown field 117.00.
USD JPY Forex Forecast Dollar Yen on January 16, 2017 suggests an attempt to increase within the bovine start mining model with a potential target at 118.50, the cancellation option will continue to reduce.
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