Japanese Yen forecast USD/JPY on March 14, 2018


Currency pair USD/JPY US Dollar to Japanese Yen is trading at 106.86. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo Cloud is expected to test near the 106.50 level, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 108.10.

Japanese Yen forecast USD/JPY on March 14, 2018

An additional signal in favor of the growth of the pair will test the level of support. Earlier, a weak signal was received for buy of the Dollar/Yen pair, due to crossing of the signal lines at the level of 105.80.

Japanese Yen forecast USD/JPY on March 14, 2018

The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 105.75 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the upper boundary of the bearish channel and closing above the level of 107.60.


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