Currency pair USD/JPY US Dollar to Japanese Yen is trading at 108.86. 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 Cloud near the level 109.25 is expected to be tested, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 107.25.
Japanese Yen forecast USD/JPY on February 12, 2018
Earlier, a medium strength signal was received for the sell of the Dollar/Yen pair, due to the crossing of the signal lines at 109.30. Cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 110.05, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of USD/JPY quotes with the breakdown of the lower bound of the «Triangle» model and the closing below the area of 108.45.
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