Currency pair US Dollar to Japanese Yen USD/JPY completes trading week at 111.525. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the US Dollar to Japanese Yen. Ichimoku Kinko Hyo Cloud near the level 110.600 is expected to test the bottom of the cloud, from which one should expect an attempt of growth and development of the bullish trend for the currency pair USD/JPY near the level of 114.300.
USD/JPY weekly forecast June 5 — 9, 2017
Earlier, a weak signal was received for the sale of the US Dollar to Japanese Yen, due to the crossing of the signal lines at 111.800. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 109.400, 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 the level of 113.300.
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