Currency pair US Dollar to Japanese Yen USD/JPY is trading at 110.311. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend in the pair Dollar/Yen. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 110.500, from which it is expected to attempt a fall and further develop the bearish trend near the level of 109.200.
USD/JPY forecast Japanese Yen on June 12, 2017
Earlier, we received a weak signal for purchases 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 quotes, with the breakdown of the local minimum area at 109.500.
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