Currency pair USD/JPY US Dollar to Japanese Yen is trading at 113.27. The pair is trading above the upper Ichimoku Kinko Hyo Cloud, indicating an uptrend in the pair of Dollar/Yen. The test area of Ichimoku Kinko Hyo signal lines near the level of 112.90 is expected, from which it is expected to attempt a rebound and further development of the bullish trend with the target near level 114.10. An additional signal in favor of growth is the test of the broken channel border.
Japanese Yen forecast USD/JPY on October 23, 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 113.60.
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