The currency pair US Dollar to Japanese Yen USD/JPY closed the trading week at 109,067. The pair is trading below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the US Dollar Yen pair. A test of the area of signal lines near the 110.400 level is expected, from which it is expected to attempt a fall and further development of a bearish trend for a pair with a view to lower near the level of 106.600.
Ichimoku Kinko Hyo Forecast USD/JPY on April 24 — 28, 2017
Earlier, a weak signal was received for purchases of the US dollar pair Yen, due to the intersection of signal lines at 113.500. The abolition of the decline option will be the breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 114.500, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/JPY quotes, with the breakdown of the local minimum area at 107.800.
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