The currency pair currency US Dollar to Japanese Yen USD/JPY is trading at 109,067. The pair is testing the lower boundary of the Ichimoku Cloud and is moving below its boundary, which indicates the presence of a downward trend in the US Dollar Yen pair. An attempt is expected to fall and further develop the bearish trend for the pair with a view to lower near the level of 107.900.
Ichimoku Kinko Hyo USD/JPY prediction on April 24, 2017
Earlier, a weak signal was received for purchases of the US dollar pair Yen, due to the intersection of signal lines at the level of 108.700. 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 110,000 area, 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.
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