Currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the development of the upward model of Wolfe wave. The goal of the growth of such a model is the area above the 113.00 level. In favor of the growth of quotations is the breakdown of the resistance area on the indicator of relative strength index (RSI).
USD/JPY technical analysis & signals on June 20, 2017
The cancellation of the variant of growth may be the breakdown of the area of 110.50, which will indicate the continuation of the decline in the area below the level of 109.50.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis USD/JPY.
USD/JPY technical analysis & signals on June 20, 2017 suggests an attempt to continue the growth of the Dollar/Yen quotations to an area above the level of 113.00 as part of the completion of the Wolfe wave, the breakdown of the 110.50 area will be a cancellation.
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