Currency pair Australian Dollar to Japanese Yen AUD/JPY is trading at 84.131. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Australian Dollar to Japanese Yen. It is expected to test the area of signal lines near the level of 83.800, from which one should expect an attempt to grow and develop a bullish tendency for a pair with a target of growth near the level of 85,000.
Ichimoku Kinko Hyo forecast AUD/JPY on May 16, 2017
Earlier, a medium strength signal was received for buy of the Australian dollar, due to the crossing of signal lines at 83.600. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of the pair quotes below the 83.300 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations AUD/JPY stands with the breakdown of the local maximum area at 84.700.
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