Currency pair US Dollar to Japanese Yen USD/JPY continue to move in the crayfish of the bull model of the Wolfe wave. The purpose of testing this model is the area above level 112.80. It is worth waiting for an attempt to test the area of 109.60 and continue the growth of quotations of USD/JPY.
USD/JPY technical analysis & news on June 9, 2017
A strong signal in the continuation of the growth of the pair will be a breakdown of the trend line on the indicator of relative strength index (RSI). The cancellation of the variant of growth will be the fall and the breakdown of the region of 108.50, in this case it is to be expected to continue the decline in the quotations of the Japanese Yen.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis of USD/JPY.
USD/JPY technical analysis & news on June 9, 2017 suggests an attempt at growth in the cancers of the beginning of the development of the bullish Wolfe wave model of with a potential growth target above the level of 112.70, with a breakdown of the level of 108.50.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
