Currency pair USD/JPY US Dollar to Japanese Yen is trading at 105.86. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. The test area of Ichimoku Kinko Hyo signal lines near level 106.55 is expected, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 104.30. An additional signal in favor of lowering the pair is the lower bound of the «Triangle» model.
Japanese Yen forecast USD/JPY on March 5, 2018
Earlier, the signal was a strong signal for the sell of the Dollar/Yen pair, due to the crossing of the signal lines at the level of 107.05. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 107.35, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of USD/JPY quotations falling with the breakdown of the support area and the closing below the level of 105.35.
