Currency pair USD/JPY US Dollar to Japanese Yen is trading at 111.22. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo signal line area test is near the 111.65 level, from which it is expected to attempt a rebound and continue the development of a bearish trend with a target to falling near the level of 110.10. An additional signal in favor of the pair’s sales will be a test of the upper boundary of the bearish channel.
Japanese Yen forecast USD/JPY on November 27, 2017
Previously, 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 113.55. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 113.05, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/JPY quotes is at the level breakdown of 110.90.
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