Currency pair US Dollar to Japanese Yen USD/JPY completes trading week at 111.245. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the US Dollar to Japanese Yen USD/JPY. Ichimoku Kinko Hyo Cloud is expected to test near the 110.300 level, from which it is expected to test the upper boundary of the Ichimoku Kinko Hyo Cloud near the level 111.600.
USD/JPY weekly forecast on May 22 — 26, 2017
Earlier, a weak signal was received for purchases of the pair US Dollar to Japanese Yen USD/JPY, due to the crossing of signal lines at the level of 110.200. Consider buying is worthwhile with the breaking of the upper boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotations above the level of 113.300, in the case of breaking the lower boundary of the Ichimoku Kinko Hyo Cloud, we should expect the continuation of the bearish trend in the pair USD/JPY.
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