Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.85. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo Cloud test is expected near the 112.95 level, from which it is expected to attempt a rebound and continue the fall of the pair with a target near 112.10.
Japanese Yen forecast USD/JPY on January 1, 2018
Earlier, a weak strength signal was obtained for the sell of the Dollar/Yen pair, due to crossing of the signal lines at the level of 113.25. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 113.35, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the USD/JPY quotes falling with a level breakdown of 112.45.
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