Currency pair USD/JPY US Dollar to Japanese Yen is trading at 113.16. 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 is near the level of 113.60, from which it is expected to attempt a rebound and continue the development of a bearish trend with the target of falling near the level of 112.15.
Japanese Yen forecast USD/JPY on November 13, 2017
Earlier, a weak signal was received for the sell of the Dollar/Yen pair, by crossing the signal lines at 114.15. 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 quotes above the area of 114.20, which indicates a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in USD/JPY quotes is at the breakdown of level 112.90.
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