Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.27. The pair is trading below the lower Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar/Yen pair. The lower limit test is expected. Ichimoku Kinko Hyo indicator cloud near 112.55, where we expect an attempt to fall and further develop the bearish trend with the target near the level of 110.95.
Japanese Yen forecast USD/JPY on October 16, 2017
Earlier, a weak signal was received for the sell of the Dollar/Yen pair, due to the crossing of signal lines at 112.70. 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 113.10, 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 level breakdown of 111.85.
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