Currency pair US Dollar to Japanese Yen USD/JPY is trading at 109.576. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Dollar/Yen. Ichimoku Kinko Hyo Cloud is expected to test near the 110.000 level, from which it is expected to try to fall and further develop the bearish trend with a view to lower near the level of 108.100.
USD/JPY forecast Japanese Yen on June 16, 2017
Earlier, a strong signal was received for the sale of the US Dollar to Japanese Yen, due to the crossing of the signal lines at the level of 110,000. 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 quotations above the area of 110.600, indicating 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 108.500.
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