The currency pair US Dollar to Japanese Yen USD/JPY is trading at 110.398. 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. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 109.900, from which one should expect an attempt of growth and further development of the bullish tendency for the pair with the purpose of growth near the level of 111.200.
Ichimoku Kinko Hyo USD/JPY prediction on April 26, 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 cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 108.900, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the local maximum area at 110.800.
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