Currency pair USD/JPY US Dollar to Japanese Yen is trading at 111.65. 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 test of the upper limit is expected. Ichimoku Kinko Hyo indicator cloud near the level of 111.00, where we can expect an attempt of growth and further development of the bullish trend with the target near the level of 113.50.
Japanese Yen forecast USD/JPY on September 26, 2017
Earlier, we received a weak signal for Dollar/Yen pair, due to the crossing of the signal lines at the level of 108.40. 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 110.80, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations USD/JPY stands with the breakdown of the local maximum area at the level of 112.70.