The currency pair US Dollar to Japanese Yen USD/JPY is trading at 113.650. 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. A test of the signal line area near the 112.900 level is expected, from which one should expect an attempt at growth and further development of the bullish trend for the pair with a target of growth near the level of 114.800.
Ichimoku Kinko Hyo USD/JPY prediction on May 10, 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 variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 111.700, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the local maximum area at 114.100.
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