The currency pair US Dollar to Japanese Yen USD/JPY is trading at 109.037. The pair continues to trade below the lower boundary of the Ichimoku Cloud, which indicates a downward trend in the US dollar pair Yen. A test of the area of signal lines near the level of 109.750 is expected, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 107.900.
Ichimoku Kinko Hyo USD/JPY forecast on April 14, 2017
Previously, a strong signal was received for the sale of the US dollar pair Yen, due to the intersection of signal lines at 110.700. 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 110.800, 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 108.500.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
