Currency pair USD/JPY US Dollar to Japanese Yen is trading at 107.89. 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 108.35 level, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 106.95. An additional signal in favor of the fall of the pair is the resistance level test.
Japanese Yen forecast USD/JPY on February 14, 2018
Earlier, a medium strength signal was received for the sell of the Dollar/Yen pair, by crossing the signal lines at 109.30. 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 quotes above the area of 109.45, indicating a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of USD/JPY quotes is with the breakdown of the area of 107.50.