For Traders

Analytical Reviews

Technical analysis

20.06.201906:29 Forex Analysis & Reviews: Forecast for USD/JPY on June 20, 2019

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 USD/JPY pair chose the downward scenario following yesterday's Federal Reserve meeting. The trend reversal occurred from the zero line of the Marlin oscillator four-hour scale. The price for H4 has consolidated below the signal-target level of 107.78 (a January 10 low) and is now dropping to support the embedded line of the price channel of the weekly timeframe to the level of 107.02. Consolidating below the line can provoke a sharp fall to the intersection area of the rising price channel (green) and a decline to 105.50.

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.