Currency pair USD/JPY US Dollar to Japanese Yen is trading at 109.08. 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 the level of 109.80 is expected, from which it is expected to attempt a rebound and continue falling of the pair with the target near the level of 107.20. An additional signal in favor of the fall of the pair of the Dollar/Yen is the resistance level test.
Japanese Yen forecast USD/JPY on January 29, 2018
Earlier, a strong signal was received for the sell of the Dollar/Yen pair, due to the crossing of the signal lines at the level of 110.60.
Cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 110.90, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotes with a breakdown of the level of 108.10.
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