Currency pair USD/JPY US Dollar to Japanese Yen is trading at 112.26. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the Dollar/Yen pair. Ichimoku Kinko Hyo indicator cloud is expected near the level of 111.70, from which one should 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 28, 2017
Earlier, we received a weak signal for buy of the 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.
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