Currency pair USD/JPY US Dollar to Japanese Yen is trading at 111.26. The pair moves inside Ichimoku Kinko Hyo Clouds. This indicates the presence of a flat trend for the Dollar/Yen pair. As part of the Japanese Yen Forecast USD/JPY March 14, 2019. The test of the Ichimoku Kinko Hyo signal line region is expected near the level of 111.35. Where can we expect a rebound and the continuation of the fall of the US Dollar to Japanese Yen with a potential target near the level of 110.15.
Japanese Yen Forecast USD/JPY March 14, 2019
An additional signal in favor of reducing the pair USD/JPY on FOREX will be the area of resistance test. Earlier, a weak signal was received for SELL the Dollar/Yen pair. The signal was formed due to the intersection of signal lines at the level of 111.70.
Canceling the option of falling quotations of the pair USD/JPY will be the breakdown of the upper limit of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the 111.85 area. This option will indicate a change in the downward trend in favor of the upward trend and the continued growth of the pair in the area above the level of 112.95. Expect to accelerate the fall in USD/JPY quotes with the breakdown of the lower boundary of the upward channel and closing below 110.85.
Japanese Yen Forecast USD/JPY March 14, 2019 involves an attempt to test the resistance level near the area of 111.35. Where can we expect to continue the fall of the pair with a potential target near the level of 110.15. Cancellation option reduction pair will make a strong growth and the breakdown of the area 111.85. This will indicate a continuation of the rise of the Dollar against the Japanese Yen with a target above the 112.95 area.