Technical analysis of USD/JPY 08/23/2018

Quotes of the USD/JPY currency pair continue to move into the formation of the bull model of the Wolfe Wave. At the moment, we should expect the pair USD/JPY to continue growing above 112.00.

In favor of the USD/JPY growth will perform the line on the RSI indicator. The cancellation of the growth variant of the Yen Dollar pair will result in a drop and breakdown of the level of 109.50, which will indicate the breakdown of the lower boundary of the Wolfe Wave model and the continued decline of the pair

USDJPY_STPH4

 

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