Currency pair USD/JPY US Dollar to Japanese Yen is trading at 106.45. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Dollar/Yen pair. The test area of Ichimoku Kinko Hyo signal lines near level 106.10 is expected, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 107.70.
USD/JPY forecast Japanese Yen for April 2, 2018
An additional signal in favor of the growth of the pair will test the level of support. Earlier, a weak signal was received for buy of the Dollar/Yen pair, due to the crossing of the signal lines at 105.45.
The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 105.10 area, which will indicate a shift 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 upper boundary of the bearish channel and the closing above the level of 106.80.