Currency pair US Dollar to Japanese Yen USD/JPY completes the trading week at the level of 113.740. The pair broke through Ichimoku Kinko Hyo Cloud and began to bargain above its upper limit, which indicates that there is an upward trend in the US Dollar Yen pair. The Ichimoku Kinko Hyo Cloud Upper Test is expected near the level of 113,000, from which one should expect an attempt at growth and the development of the bullish trend for the pair US Dollar Yen near the level of 117.400.
USD/JPY forecast Dollar Yen on May 15 — 19, 2017
Earlier, a weak signal was received for purchases of the US dollar pair Yen, due to the intersection of signal lines at the level of 110.200. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 110.300, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the local maximum area at the level of 115.700.
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