Currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.126. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in the pair Dollar/Yen. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the 110.600 level, from which it is expected to attempt an increase and further development of the bullish trend with a target to growth near the 112.400 level.
USD/JPY forecast Japanese Yen on June 23, 2017
Earlier, a weak signal was received for buying of the Dollar/Yen, due to the crossing of signal lines at 109.900. 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 110,000, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the local maximum area at 112.100.
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