Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.96. The pair is trading above the upper Ichimoku Kinko Hyo Cloud, indicating an bullish in the pair of Dollar/Yen. The test of the broken border is expected. Ichimoku Kinko Hyo indicator cloud near the level 112.70, from which one should expect a rebound attempt and further development of the bullish trend with the target near the level of 113.75.
Japanese Yen forecast USD/JPY on October 20, 2017
Earlier, a weak signal was obtained for the buy of the Dollar/Yen pair, due to the crossing of the signal lines at 112.15. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 111.90, which will indicate a change 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 113.40.
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