Currency pair US Dollar to Japanese Yen USD/JPY is trading at 110.836. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair USD/JPY. A test of the area of signal lines near the level of 111.100 is expected, from which it is expected to attempt a fall and further development of the bearish trend near the level of 110.100.
USD/JPY forecast & trading signals on June 1, 2017
Earlier, a strong signal was received for the sale of the pair US Dollar to Japanese Yen, due to the crossing of signal lines at 111.463. 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 quotes above the area of 111.600, 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 a breakdown of the local minimum area at 110.300.
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