Currency pair US Dollar to Japanese Yen USD/JPY is trading at 113.368. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair US Dollar to Japanese Yen. The pair is expected to enter the Ichimoku Kinko Hyo Cloud near the level of 113.200, from which one should expect an attempt of growth and further development of the bullish tendency for the pair with the purpose of growth near the level of 114.700.
Ichimoku Kinko Hyo forecast USD/JPY on May 17, 2017
Earlier, a weak signal was received for the sale of the pair US Dollar to Japanese Yen, due to the crossing of the signal lines at the level of 113.640. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 112.700 area, which will indicate a shift in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations US Dollar to Japanese Yen USD/JPY the breakdown of the local maximum area at the level of 114.200.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
