Currency pair US Dollar to Japanese Yen USD/JPY is trading at 109.910. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen. Ichimoku Kinko Hyo Cloud is expected to test near the 110.200 level, from which it is expected to attempt a fall and further develop the bearish trend near the 108.800 level.
USD/JPY forecast Dollar Yen on June 13, 2017
Earlier, we received a weak signal for buying of the pair Dollar/Yen, due to the crossing of the signal lines at 109.920. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 110.700, 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 109.200.
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