Currency pair US Dollar to Japanese Yen USD/JPY is trading at 112.011. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen. The pair USD/JPY is expected to rise to the level of 112.700, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 110.500.
Japanese Yen forecast USD/JPY on July 19, 2017
Earlier, a weak signal was received for the sale of the Dollar/Yen, due to the crossing of signal lines at 113.68. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 113.600, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotations with a breakdown of the local minimum area at 111.100.
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