Forex Forecast USD/JPY for today, March 2, 2016

Currency pair USD / JPY continues to be traded in the FOREX within a triangle pattern. However, in the case of an upward movement to the area of the 114.30 level, there is a potential for the formation of the descending Wulf wave with a view to below 112.30. Cancellation option could be a break of 114.60, and the growth of quotations of USD/JPY further up, in which case we should not expect refinement of Wulf waves models.

Forex Forecast USD/JPY for today, March 2, 2016 (H1 Timeframe)

forecast_usd_jpy_02_01

 

 

 

 

 

 

 

 

 

 

 

Thus, Forex Forecast for USD / JPY on March 2, 2016 suggests an attempt to growth to the area at the level of 114.30, where you can try to sell with a close stop, a potential target of the fall is the area at the level of 122.30.

 

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