The currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.048. The pair is trading below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the US Dollar Yen pair. It is expected to test the lower boundary of the Ichimoku Cloud near the level 110.060, from which one should expect an attempt to fall and develop a bearish tendency for a pair with the aim of lowering near the level of 109.200.
Ichimoku Kinko Hyo USD/JPY Prediction on April 10, 2017
Earlier, a signal of medium strength was received for the sale of the US dollar pair Yen, due to the intersection of the signal lines at the level of 111.200. The abolition of the reduction option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 111.600, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/JPY quotes with a breakdown of the local minimum area at 109.800.
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