Currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.131. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a downward trend in the pair US Dollar to Japanese Yen USD/JPY. An attempt is expected to fall and further bearish trend in the pair to reduce near the level of 109.400.
USD/JPY prediction & signals on May 24, 2017
Earlier, a weak signal was received for the sale of the US Dollar to Japanese Yen USD/JPY, due to the crossing of the signal lines at the level of 113.640. 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 112.700, 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 a breakdown of the local minimum area at 109.700.
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