Currency pair USD/JPY Dollar Yen closes the trading week near the level of 113.50. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair of Dollar/Yen. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 112.80, from which it is expected to attempt a rebound and the development of the bullish trend for the pair USD/JPY with the target of growth near the level of 115.75.
Dollar Yen forecast USD/JPY on October 23 — 27, 2017
An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel. Earlier, a weak signal was obtained for the buy of the Dollar/Yen pair, due to the crossing of the signal lines at the level of 109.90. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 109.90, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the level of 113.85.