Currency pair USD/JPY US Dollar to Japanese Yen is trading at 110.36. The pair is trading below the lower limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a downward trend in the dollar yen pair.
As part of the Japanese Yen prediction USD/JPY December 26, 2018, a test of the area of Ichimoku Kinko Hyo signal lines near the level of 110.85 is expected. 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 109.05.
Japanese Yen prediction USD/JPY December 26, 2018
An additional signal in favor of the fall of the USD/JPY pair on FOREX will be the area of resistance test. As well as a rebound from the upper limit of the descending channel. 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 113.30.
Canceling the option of falling quotations of the pair USD/JPY will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 112.30 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 113.35. USD/JPY is expected to accelerate the fall in quotes with the breakdown of the support area and closing below 110.05.
Japanese Yen prediction USD/JPY December 26, 2018 involves an attempt to test the resistance level near the area of 110.85. Where can we expect to continue the fall of the pair with a potential target near the level of 109.05. Cancellation of the option to reduce the pair will make a strong growth and the breakdown of the area 112.30. This will indicate a continued rise in the US Dollar against the Japanese Yen.
