Currency pair US Dollar to Japanese Yen USD/JPY is trading at 112.167. 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 level of 111.500, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 113.200.
Japanese Yen Forecast USD/JPY on June 29, 2017
Previously, a strong signal was received for buying of the Dollar/Yen, due to the crossing of signal lines at 111.360. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 111,000 area, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the local maximum area at 112.900.
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