Currency pair US Dollar to Japanese Yen USD/JPY is trading at 109.813. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo Cloud is expected to test near the 110.300 level, from which it is expected to attempt a fall and further development of a bearish trend with a target to lower near the level of 108.700.
Japanese Yen forecast USD/JPY on August 10, 2017
Previously, a strong signal was received for the sale of the Dollar/Yen, due to the crossing of signal lines at 110.500. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 111.100, 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 109.000.
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