USDJPY, “US Dollar vs Japanese Yen”
USDJPY is bouncing off the indicator’s signal lines. The pair is moving inside the Ichimoku Cloud, suggesting a sideways trend. A test of the Cloud’s upper boundary at 155.95 is expected, followed by a decline to 153.85. A rebound from the upper boundary of the bearish channel would signal the increase. The scenario could be invalidated by a breakout of the upper boundary of the Cloud, with the price securing above 156.45, indicating a further rise to 157.35.
Origin: RoboForex
