Currency pair US Dollar to Japanese Yen USD/JPY is trading at 113.171. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Dollar/Yen. The pair USD/JPY is expected to fall near the 112.600 level, from which it is expected to try to grow and further develop the bullish trend with the target of growth near the level of 114.300.
Japanese Yen forecast USD/JPY on July 5, 2017
Previously, a strong signal was received for buying of the US Dollar/Yen pair, due to the crossing of signal lines at 112.210. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 111.800, 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 113.900.
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