Currency pair US Dollar to Japanese Yen USD/JPY closed the trading month at 110.415. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Dollar/Yen. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 109.900 level, from which one should expect an attempt at growth and further development of the bullish trend for the pair with a target of growth near the level of 119.500.
USD/JPY forecast Japanese Yen for June 2017
Earlier, a weak signal was received for the sale of the currency pair USD/JPY, due to the crossing of signal lines at 111.350. The cancellation of the variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 106.600, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the local maximum area at the level of 117.800.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
