Currency pair US Dollar to Japanese Yen USD/JPY is trading at 112.404. The pair broke through Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, which indicates a bearish trend in the US Dollar Yen pair. The pair USD/JPY is expected to rise to the level of 112.900, from which it is expected to try to fall and further develop the bearish trend with the target of reducing near the level of 110.500.
USD/JPY forecast Japanese Yen on July 18, 2017
Earlier, a weak signal was received for the sale of the Dollar/Yen, due to the crossing of signal lines at 113.68. 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 114.000, 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 111.100.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link