For Traders

Analytical Reviews

Technical analysis

18.09.201805:15 Forex Analysis & Reviews: Forecast for USD / JPY pair as of September 17, 2018

Long-term review

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 pair

In the past two trading days, the yen added more than 80 points and almost reached the MACD trend line on the daily chart. Today is a holiday in Japan and investors completed the week on an optimistic note. But the situation on the stock market and the overall political situation in the world give little scope for continued growth.

At the moment, there has been a correction from the resistance of the trend line on daily, we expect a decrease to support the balance line to the level of 111.56, which coincides with the MACD line on H4. The fastening under the line will mean the further intention of the price to decrease and the target will be 110.30, which is the support of the trend line of the falling price channel on the daily chart.

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.