Currency pair US Dollar to Japanese Yen USD/JPY completes trading week at 110.853. The pair is trading below the lower limit of the Ishimoku Cloud, which indicates a bearish trend in the pair Dollar/Yen. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 111.700, from which one should expect an attempt to fall and develop a bearish trend for the pair USD/JPY with a view to lower near the level of 108.200.
USD/JPY forecast for the week June 19 — 23, 2017
Earlier, a weak signal was received for the sale of the pair Dollar/Yen, due to the crossing of the signal lines at 111.800. Cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 112.800, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotations is with the breakdown of the local minimum area at the level of 108.900.