Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the limits of growth. At the moment, there is potential for the formation of a bullish wave model of Wolfe. It is expected that the pair of Dollar/Yen pair will fall to the area below the level of 111.60, where the rebound and growth of the pair USD/JPY in the area above the 113.10 level are expected.
USD/JPY Japanese Yen forecast on July 3, 2017
In favor of the pair growth, a tight test of the support line on the relative strength initiator will perform. Cancellation of the growth of the pair of Dollar/Yen pair will be the fall and breakdown of the area 111, which will indicate the continued decline of the pair.
