Dollar Yen currency pair USD/JPY is trading at 114.04. The pair hit the upper limit of the Ichimoku Cloud, which indicates a weak signal in the purchase confirmation. At the moment, we can expect a tight test of the upper boundary of Ichimoku Cloud and the New Zealand dollar continued growth of quotations in the area above the level of 114.90.
Ichimoku Kinko Hyo forecast USD/JPY on March 3, 2017
Cancellation option of an upward trend will drop and sample the lower limit of the Ichimoku Cloud with the closing quotation of the pair below 112.85 area, which indicate the likely change of trend for the pair Dollar Yen in favor downward. Current the same region suggests buying a pair.
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