Currency pair US Dollar to Japanese Yen USD/JPY is trading at 112.253. The pair is trading above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the pair US Dollar Yen. The pair is expected to fall near the level of 111.900, from which it is expected to attempt an increase and further development of the bullish trend for the pair with the purpose of growth near the level of 113.500.
Ichimoku Kinko Hyo Forecast USD/JPY on May 8, 2017
Earlier, a weak signal was received for purchases of the US dollar pair Yen, due to the intersection of signal lines at the level of 108.770. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 110.900, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the local maximum area at 112.900.
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