Currency pair US Dollar to Japanese Yen USD/JPY completes the trading week at 111.944. The pair broke through Ichimoku Kinko Hyo Cloud and began to bargain above its upper limit, which indicates an bullish trend in the pair Dollar/Yen. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 111.800 level, from which one should expect an attempt at growth and development of the bullish trend for the pair USD/JPY with a target to growth near the level of 114.600.
USD/JPY weekly forecast on July 3 — 7, 2017
Earlier, a weak signal was received for purchases of the US dollar pair Yen, due to the intersection of signal lines at 110.600. 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 109.800, which will indicate a shift 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 the level of 113.800.
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