Currency pair US Dollar to Japanese Yen USD/JPY is trading at 112.168. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen. The pair USD/JPY is expected to rise to the level of 112.700, from which it is expected to try to fall and further develop the bearish trend with a target to lower near the level of 110.800.
Japanese Yen forecast USD/JPY on July 21, 2017
Earlier, a weak signal was received for the sale of the Dollar/Yen, due to the crossing of signal lines at 113.68. 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 113.400, which indicates 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 111.200.
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