Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.16. The pair is trading below the lower Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. The test of the lower boundary is expected. Ichimoku Kinko Hyo indicator cloud near the level 112.45, from which one should expect a rebound attempt and further development of the bearish trend with the target near the level of 110.95.
Japanese Yen forecast USD/JPY on October 19, 2017
Earlier, a weak signal was received for the sell of the Dollar/Yen pair, due to the crossing of signal lines at 112.70. 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 quotations above the area of 112.95, indicating a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotes at the level of 111.55.
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