Currency pair USD/JPY US Dollar to Japanese Yen is trading at 114.15. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Dollar/Yen pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 113.90, from which it is expected to attempt a rebound and further development of the bullish trend with the target near the level of 115.20.
Japanese Yen forecast USD/JPY on November 3, 2017
Previously, a strong signal was received for the buy of the Dollar/Yen pair, due to the crossing of the signal lines at the level of 113.75. 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 quotations below the area of 112.80, which will indicate a change in the flat trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY is with the breakdown of the level of 114.55.
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