Currency pair US Dollar to Japanese Yen USD/JPY completes trading week at 111.128. The pair continues to trade within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the currency pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 111.900, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the 110.300 level.
USD/JPY prediction on May 29, 2017 — June 2, 2017
Earlier, a weak signal was received for purchases of the pair 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 113.400, in the case of breaking through the lower boundary of the Ichimoku Kinko Hyo Cloud, we should expect the development of the bearish trend in USD/JPY to continue.
