Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.48. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo signal line area test is near the 112.65 level, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 111.50.
Japanese Yen forecast USD/JPY on January 5, 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 112.90, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the fall in USD/JPY quotes with the breakdown of the lower bound of the Triangle model and the closing below the level of 111.90.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
