Currency pair USD/JPY US Dollar to Japanese Yen is trading at 113.20. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Dollar/Yen pair. The Ichimoku Kinko Hyo Cloud is expected to test near the 113.00 level, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 114.30.
Japanese Yen forecast USD/JPY on December 29, 2017
Earlier, a weak strength signal was obtained for the sale of the Dollar/Yen pair, due to crossing of the signal lines at the level of 113.25. 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 112.50, 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 a breakdown of the resistance level and closing above 113.75.
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