The сurrency pair US Dollar to Japanese Yen USD/JPY is trading at 108.279. The pair continues to trade below the lower boundary of the Ichimoku Cloud, which indicates a downward trend in the US dollar pair Yen. It is expected to test the area of signal lines near the level of 108.900, 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 107.600.
Ichimoku Kinko Hyo USD/JPY prediction on April 18, 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 a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 110.700, 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 the breakdown of the local minimum area at 108.000.
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