Currency pair US Dollar to Japanese Yen USD/JPY is trading at 109.088. The pair broke through the Cloud of Ichimoku Kinko Hyo and began to trade below its lower limit. Which indicates the presence of a bearish trend in the US Dollar/Yen. The pair USD/JPY is expected to fall near the level of 109.700, from which it is expected to try to fall and further develop the bearish trend with the first target near the level of 108.100.
Dollar Yen forecast USD/JPY on June 15, 2017
Earlier, a strong signal was received for the sale of the currency pair US Dollar to Japanese Yen USD/JPY, due to the crossing of signal lines at the level of 110,000. 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 area of 110.700, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotations with a breakdown of the local minimum area at 108.500.
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