Currency pair US Dollar to Japanese Yen USD/JPY is trading at 112.47. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Dollar/Yen pair. The test of the signal line area of the indicator near the level of 111.80 is expected, from which one should expect an attempt of growth and further development of the bullish trend with the target of growth near the level of 113.80.
Japanese Yen forecast USD/JPY on September 22, 2017
Earlier, a weak signal was received for buying of the Dollar/Yen pair, due to the crossing of the signal lines at the level of 108.400. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 109.20, 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 local maximum area at the level of 112.60.
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