Currency pair USD/JPY US Dollar to Japanese Yen is trading at 113.77. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in the pair Dollar/Yen.
As part of the Japanese Yen prediction USD/JPY November 29, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the level of 113.20. Where can we expect a rebound and the continued growth of the US dollar to the Japanese Yen with a potential target near the level of 114.75.
Japanese Yen prediction USD/JPY November 29, 2018
An additional signal in favor of the growth of the pair USD/JPY on FOREX will be the test of the support area. As well as a rebound from the upper boundary of the descending channel. Earlier, a weak signal was received for BUY the Dollar/Yen pair. The signal was formed due to the intersection of signal lines at the level of 112.85.
Cancellation of the growth of quotations of the pair USD/JPY will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 112.65 area. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the pair in the area below the level of 111.85. USD/JPY is expected to accelerate the growth of quotes with the breakdown of the resistance area and closing above the level of 114.05.
Japanese Yen prediction USD/JPY November 29, 2018 implies an attempt to test the support level near the 113.20 area. Where can we expect to continue the growth of the pair with a potential target near the level of 114.75. Cancellation of the growth of the pair will make the fall and the breakdown of the 112.65 area. This will indicate a continued decline in the dollar against the Japanese Yen.