The Currency pair US Dollar to Japanese Yen USD/JPY Yen is trading at 111.096. The pair is trading below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the US Dollar Yen pair. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 111.400, from which one should expect an attempt to fall and develop a bearish trend for this pair in order to reduce the level of 110.200.
Ichimoku Forecast USD/JPY on March 30, 2017
Previously, a strong signal was received for the sale of the US dollar pair Yen, due to the intersection of the signal lines at 114.800. The abolition of the reduction option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 112.800, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/JPY quotations with a breakdown of the local minimum area at 110.800.
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