Currency pair US Dollar to Japanese Yen USD/JPY is trading at 110.891. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair US Dollar to Japanese Yen. A test of the area of signal lines near the level 112,000 is expected, from which it is expected to attempt a fall and further development of a bearish trend for a pair US Dollar to Japanese Yen with a target to lower near the level 109.700.
USD JPY forecast US Dollar to Yen on May 19, 2017
Earlier, a weak signal was received for the sale of the US Dollar to Japanese Yen pair, due to the crossing of the signal lines at the level of 113.640. 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 113,000, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations US Dollar to Japanese Yen USD/JPY with the breakdown of the local minimum area at 110.100.
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