Currency pair USD/JPY US Dollar to Japanese Yen is trading at 114.06. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Dollar/Yen pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 113.95, from which one should expect a rebound attempt and further development of the bullish trend with the target near the level of 115.60.
Japanese Yen forecast USD/JPY on November 6, 2017
Previously, a strong signal was received for the buy of the Dollar/Yen pair, due to the crossing of the signal lines at the level of 113.75. The cancellation of the variant of growth of quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 113.10, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the level of 114.55.
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