Currency pair USD/JPY US Dollar to Japanese Yen is trading at 113.95. 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 test area of Ichimoku Kinko Hyo signal lines near the level of 113.35 is expected, from which it is expected to attempt a rebound and further development of the bullish trend with the target near the level of 114.90. An additional signal in favor of growth will test the level of support.
Japanese Yen forecast USD/JPY on October 30, 2017
Earlier, a weak signal was obtained for the buy of the Dollar/Yen pair, due to the crossing of the signal lines at 112.15. 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 area of 112.80, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the upper limit of the model «Triangle» and closing above 114.20.
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