Quotes of the dollar yen currency pair USD JPY continues within the bullish trend is still not exclude another attempt to test the lower boundary of the rising channel that will trigger the completion of the formation of bullish forex Wolfe wave model.
USD/JPY Forecast Dollar Yen on January 12, 2017
We try to buy the currency pair Dollar Yen with tight stop, a potential target for growth of quotations USD/JPY is the area at the level of the area above 117.50.
Cancellation option will drop in prices below the level of 114.50, which points to the breakdown of the rising channel’s lower border. Is expected to accelerate growth of the pair is a breakdown field of a local maximum. Important news from Japan is expected tomorrow, so the pair will continue to move in the technical analysis of USD/JPY.
USD/JPY Forecast Dollar Yen on January 12, 2017 suggests an attempt to continue its growth in the framework of the beginning of the mining bovine FX 1:1 model with nearest upside target at 117.50.
