Currency pair US Dollar to Japanese Yen USD/JPY completes trading week at 111.271. The pair continues to trade below the lower limit of the Ishimoku Cloud, which indicates a bearish trend in the pair Dollar/Yen. Ichimoku Kinko Hyo Cloud is expected to test near the 111.500 level, from which it is expected to try to fall and develop a bearish trend for the pair USD/JPY with a target to lower near the level of 107.500.
Japanese Yen forecast USD/JPY on June 26 — 30, 2017
Earlier, a weak signal was received for the sale of the Dollar/Yen pair, due to the crossing of the signal lines at 111.800. 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 112.400, indicating a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotations is with the breakdown of the local minimum area at the level of 108.400.
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