Currency pair US Dollar to Japanese Yen USD/JPY is trading at 111.846. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair. Ichimoku Kinko Hyo Cloud near the level 111.900 is expected to test the lower boundary, from which it is expected to attempt a fall and further development of the bearish trend for the pair with the aim of lowering near the level of 109.800.
USD/JPY forecast Japanese Yen on May 25, 2017
Earlier, a weak signal was received for the buy of the US Dollar to Japanese Yen USD/JPY, due to the crossing of the signal lines at 111.300. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 112.500 area, which will indicate a change in the downward trend in favor of the upward. Expect to accelerate the fall in USD/JPY quotations with a breakdown of the local minimum area at 110.200.
