The currency pair US Dollar to Japanese Yen USD/JPY is trading at 108.847. 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 is expected near the lower boundary of the Ichimoku Cloud at 109.300, 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 107.800.
Ichimoku Kinko Hyo USD/JPY prediction on April 19, 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 110.500, 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 108.300.
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