The currency pair US Dollar to Japanese Yen USD/JPY is trading at 110.968. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in the pair Dollar/Yen. The pair USD/JPY is expected to rise to the level of 111.500, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 109.900.
Dollar Yen forecast USD/JPY on July 25, 2017
Earlier, a weak signal was received for the sale of the Dollar/Yen, due to the intersection of signal lines at 113.68. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 112.600 area, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotes with a breakdown of the local minimum area at 110.300.
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