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We expect further strengthening of the US dollar

11 September 2015, USD/JPY

We expect further strengthening of the US dollar

In this pair nothing has changed. The scenario with development of the ascending correctional wave [iv] is implemented in full.

At the moment, we witness formation of the wave with of [iv], the expected zigzag.

Potential for further upward movement is very good, so in the future we obviously expect a continued growth of the pair with the same target of 124.50

We expect further strengthening of the US dollar

Vasiliy Lukin
Analyst of «FreshForex» company
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