Currency pair USD/JPY US Dollar to Japanese Yen is trading at 113.83. 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 Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 113.70, from which it is expected to attempt a rebound and further development of the bullish trend with a target near the level of 115.60.
Japanese Yen forecast USD/JPY on November 8, 2017
Previously, a strong signal was obtained 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 pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 113.15, which will indicate a shift 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 level of 114.65.
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