Currency pair US Dollar to Japanese Yen USD/JPY is trading at 109.672. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in the pair Dollar/Yen. Ichimoku Kinko Hyo Cloud is expected to test near the 110.400 level, from which it is expected to try to fall and further develop the bearish trend in order to lower near the level of 108.700.
Japanese Yen forecast USD/JPY on August 11, 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’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 110.800, 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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