The currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.157. The pair continues to trade above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in the pair US dollar Yen. A test of the area of signal lines near the level of 110.600 is expected, from which one should expect an attempt of growth and further development of the bullish tendency for a pair with the purpose of growth near the level of 112.000.
Ichimoku Kinko Hyo USD/JPY prediction on April 27, 2017
Earlier, we received a weak signal for purchases of the pair US dollar Yen, due to the intersection of signal lines at the level of 108.770. The cancellation of the growth option will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 109.300, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the local maximum area at the level of 111.500.
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