Currency pair US Dollar to Japanese Yen USD/JPY is trading at 113.609. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Dollar/Yen. The pair USD/JPY is expected to fall near the 112.900 level, from which it is expected to try to grow and further develop the bullish trend with the target of growth near the level of 114.800.
USD/JPY forecast Japanese Yen on July 6, 2017
Previously, a strong signal was received for buying of the pair Dollar/Yen, due to the crossing of signal lines at 112.210. 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 area of 111.500, 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 114.400.
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