Currency pair US Dollar to Japanese Yen USD/JPY completes the trading week at 110.383. The pair broke through Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, which indicates a bearish trend in the currency pair Dollar/Yen. Ichimoku Kinko Hyo Cloud near the level 111.100 is expected to test the lower boundary, from which one should expect a fall attempt and develop a bearish trend for the pair USD/JPY near the level of 106.900.
USD/JPY weekly forecast June 12 — 16, 2017
Earlier, a weak signal was received for the sale of the pair Dollar/Yen, due to the crossing of signal lines at 111.800. 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 112.300, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotations, with the breakdown of the local minimum area at 107.500.
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