Dollar Yen forecast USD/JPY on January 8 — 12, 2018


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Currency pair USD/JPY Dollar Yen closes the trading week near the level of 113.08. 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 112.75 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 8 — 12, 2018

Dollar Yen forecast USD/JPY on January 8 — 12, 2018

Earlier, a medium strength signal was received for buy of the Dollar/Yen pair, due to the crossing of the signal lines at level 112.60. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of ​​111.90, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the upper limit of the model «Triangle» and the closing above 113.70.

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