Currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.676. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the Dollar/Yen. The pair USD/JPY is expected to fall near the level of 111.400, from which one should expect an attempt of growth and further development of the bullish trend with the aim of growth near the 112.600 level.
Japanese Yen forecast USD/JPY on June 27, 2017
Previously, a strong signal was received for buying of the Dollar/Yen, due to the crossing of signal lines at 111.360. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 110,000, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the local maximum area at the level of 112.200.
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