Quotes of the currency pair US Dollar to Japanese Yen USD/JPY is trading at 113.172. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Dollar/Yen pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 113.100, from which one should expect an attempt of growth and further development of the bullish trend with a view to growth near the level of 115.100.
USD/JPY forecast Japanese Yen on July 13, 2017
Earlier, a weak signal was received for the sale of the Dollar/Yen, due to the crossing of the signal lines at 113.68. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 112.600 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the local maximum area at 114.700.
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