Quotations of the pair USD/JPY close the trading week near the area of 109.20. The pair continues to test the support area. It is expected to rebound and the pair’s growth of the Dollar/Yen is above the level of 113.50. In favor of the growth of the pair is the formation of a reversal model the «Failure Swing» on the indicator of relative strength index (RSI).
USD JPY weekly forecast on August 28 — September 1, 2017
The cancellation of the growth variant of the pair USD/JPY in the current trading week will be the fall and breakdown of the area of 106.50, which will indicate the continuation of the pair’s decline. Expect the acceleration of the pair’s growth The yen’s dollar is at the break of level 111.50.
Important news from Japan, which may have an impact on the Japanese Yen, is not expected, so the pair will continue to move in the technical analysis of USD/JPY.
USD JPY weekly forecast on August 28 — September 1, 2017 suggests a rebound from the support area and the beginning of growth with a potential target near the 113.50 area, the cancellation of the growth variant of the USD/JPY pair will be a fall and breakout of the region of 106.50, indicating a continuation of the decline.
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