The currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.376. The pair is trading above the upper limit of the Ichimoku Cloud, indicating that there is an upward trend in the pair US Dollar Yen. The pair is expected to fall near the 110.700 level, from which it is expected to attempt an increase and further development of the bullish trend for the pair with a target of growth near the 112.500 level.
Ichimoku Kinko Hyo USD/JPY forecast on April 28, 2017
Earlier, we received a weak signal for purchases of the pair US dollar Yen, due to the intersection of signal lines at the level of 108.770. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 109.500, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the local maximum area at the level of 111.900.
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