Quotes of the dollar yen currency pair USD JPY showed strong growth in the area above the level of 104.80. At the moment, we can expect continued growth of quotations USD JPY in the area above the level of 105.50, where correction is expected to start within the forex pivot head and shoulders pattern, and only after that you can try to buy the pair with the tight stop.
USD/JPY Forecast Dollar Yen on July 14, 2016
In one of the previous reviews we expected the yen forming bullish patterns with potential target mining Wolfe waves higher than 120, it is possible that this model starts practicing and we can expect attempts of the uptrend for the pair USD JPY.
USD/JPY Forecast Dollar Yen on July 14, 2016 indicates the potential formation of inverted head and shoulders pattern, so we expect to test 105.50 area.
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