Currency pair USD/JPY Dollar Japanese Yen closes the trading week near the level of 112.65. The pair continues above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo Cloud is expected to test near the 112.55 level, from which it is expected to attempt a rebound and continue the growth of the pair USD/JPY with the target near the level of 115.40.
Dollar Yen forecast USD/JPY on January 1 — 5, 2018
Earlier, a medium strength signal was received for buy of the Dollar/Yen pair, due to the intersection of the signal lines at level 112.60. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 111.80, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the upper limit of the model «Triangle» and the closing above 113.80.
