Quotations of the currency pair USD/JPY continues to move within the bullish model 5-0. It is necessary to expect correction in the area of 111.40 and further continuation of the growth of the pair with a target above the level of 113.90.
USD/JPY technical analysis & forecast on July 27, 2017
The cancellation of the growth variant of the Dollar/Yen will result in a drop and a breakdown at level 110.10, which will indicate that the pair’s quotations continue to decline. Expect the acceleration of growth is with the breakdown of the level of 112.20.
Important news from Japan is not expected, so the pair will continue to move within the technical analysis USD/JPY.
USD/JPY technical analysis & forecast on July 27, 2017 suggests an attempt to continue growth within the 5-0 bullish model with a potential growth target above 115.00.
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