USDJPY, “US Dollar vs Japanese Yen”
USDJPY is testing the indicator’s signal lines. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Cloud’s upper boundary at 156.85 is expected, followed by a rise to 158.45. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the increase. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 156.55, indicating a further decline to 155.65.
Origin: RoboForex
