Currency pair USD/JPY US Dollar to Japanese Yen is trading at 110.47. 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 25, 2018, a test of the area of Ichimoku Kinko Hyo signal lines is expected near the level of 110.90. 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 109.25.
Japanese Yen prediction USD/JPY December 25, 2018
An additional signal in favor of the fall of the USD/JPY pair on FOREX will be the resistance area 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 112.50 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 25, 2018 implies an attempt to test the resistance level near 110.90. Where can we expect to continue the fall of the pair with a potential target near the level of 109.25. Cancellation option reduction pair will make a strong growth and the breakdown of the area of 112.50. This will indicate a continued rise in the dollar against the Japanese Yen.