For Traders

Analytical Reviews

Technical analysis

22.09.202004:51 Forex Analysis & Reviews: Forecast for USD/JPY on September 22, 2020

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/JPY

The Japanese yen traded in a wide range of 88 points yesterday, closing the day with a 6 point gain. The limit will be the 123.6% Fibonacci level on the daily chart. The Marlin oscillator is in no hurry to turn upwards, therefore, we expect the decline to move towards the target level of 103.75.

The four-hour chart shows that the price has worked out a triple small convergence according to the Marlin oscillator, its signal line has entered the zone of positive values, and now it is going back to the bears' territory. We expect the pair to fall towards the target level of 103.75.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.