Quotes of the USD/JPY Dollar/Yen continue to move near the area of 111.20. At the moment, the quotations of the pair are testing the lower limit of the bullish model 5-0. It is expected to rebound and the pair’s growth of the Yen Dollar is above the level of 113.80.
USD/JPY technical analysis & forecast on July 26, 2017
In favor of the growth of the pair is the test of the support line on the indicator of relative strength index (RSI). The abolition of the growth option will be a fall and breakdown of the level of 110.00.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis of USD/JPY.
USD/JPY technical analysis & forecast on July 26, 2017 suggests a rebound from the bottom of the 5-0 model and the continuation of the growth above the level of 113.80, the breakdown will be a breakdown at 110.00 level, which will indicate the continued decline of the pair.
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