The currency pair US Dollar to Japanese Yen USD/JPY is trading at 109.632. 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 110.100 level is expected, from which it is expected to try to fall and develop a bearish tendency for a pair with a view to lower near the level of 108.300.
Ichimoku Kinko Hyo USD/JPY forecast on April 13, 2017
Previously, a strong signal was received for the sale of the US dollar pair Yen, due to the intersection of signal lines at 110.600. 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 111.400, which will indicate a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in USD/JPY quotations, with a breakdown of the local minimum area at 109.000.
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