The currency pari US Dollar to Japanese Yen USD/JPY is trading at 110.376. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. USD/JPY is expected to rise to the level of 110.800, from which it is expected to try to fall and further develop the bearish trend with a view to lower near the level of 109.000.
Japanese Yen forecast USD/JPY on August 2, 2017
Previously, a strong signal was received for the sale of the Dollar/Yen, due to the crossing of the signal lines at 111.40. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 111.500, 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 109.300.
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