Quotes of the currency pair US Dollar to Japanese Yen USD/JPY continues to move within the bull model 5-0. It is worth expecting a rebound and continued growth of the pair above the level of 113.20. In favor of the growth of quotations of the pair Dollar/Yen is the test of the support line on the indicator of relative strength index (RSI).
USD/JPY forecast & technical analysis on July 28, 2017
An additional signal will be the breakdown of the upper limit of the «Triangle» model. Cancellation of the variant growth of the pair will fall and breakdown at the level of 110.20, indicating that the pair continues to decline.
Among the important news from Japan, which can have a strong impact on the rate of the Japanese Yen, it is worth highlighting: the Consumer Price Index.
USD/JPY forecast & technical analysis on July 28, 2017 suggests an attempt to rebound from the lower bound of the bullish model «5-0» for the target of growth near the area of 113.20, the cancellation of the growth variant of the pair will break through the level of 110.20.
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