Japanese Yen insight USDJPY for November 17, 2017

Japanese Yen insight USDJPY for November 17, 2017

Japanese Yen insight USDJPY for November 17, 2017

  • US Dollar is trading at 112.58 against the Yen, 0.4%
  •  a downward trend in the Dollar/Yen pair.
  • Previously, a strong signal was received for the sell of the Dollar/Yen

traders will focus on Japan’s flash Nikkei manufacturing purchasing managers’ index (PMI), slated to release next week.

CURRENCY TRADERS The Japanese Yen insight Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.75. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the Dollar/Yen pair. The test area of Ichimoku Kinko Hyo signal lines is expected near the level of 113.05, from which it is expected to attempt a rebound and continue the development of the bearish trend with the target of falling near the level of 111.70.

CURRENCY TRADERS The Japanese Yen insight Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.75.

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Previously, a strong signal was received for the sell of the Dollar/Yen pair, due to the crossing of the signal lines at the level of 113.55. 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 quotations above the area of 113.90, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotations with a level breakdown of 112.30

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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