USDJPY is trading at 115.30; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test the cloud’s upside border at 115.05 and then resume moving upwards to reach 116.80. Another signal in favour of a further uptrend will be a rebound from the support level.
However, the bullish scenario may no longer be valid if the price breaks the cloud’s downside border and fixes below 114.25. In this case, the pair may continue falling towards 113.15.
Orgin: RoboForex
