Currency pair US Dollar to Japanese Yen USD/JPY continue to move as part of the development of the upward wave model of Wolfe. The target of growth is the area above the level of 113.00. In favor of the growth of the pair will perform a test of the broken support line on the indicator of relative strength index (RSI).
USD/JPY technical analysis & signals on June 21, 2017
The cancellation of the growth variant of the Yen Dollar pair will be the fall and breakdown of the 110.00 area, which will indicate the continuation of the pair correction development.
Among the important news from Japan, which can influence the rate of the Japanese Yen against the US dollar, it is worth highlighting: Speech by the head of the Bank of Japan Haruhiko Kuroda with a speech.
USD/JPY technical analysis & signals on June 21, 2017 suggests an attempt to increase the pair’s quotations to an area above the level of 113.00 as part of the development of the bullish wave model of Wolfe, with the cancellation of the breakdown of the 110 area, in which case it is expected to continue falling below 109.
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