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26.05.202005:04 Forex Analysis & Reviews: Forecast for USD/JPY on May 26, 2020

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USD/JPY

The dollar only grew by seven points against the yen on Monday, the balance indicator line kept the growth for several days, but this morning a breakthrough of this resistance took place and the price boldly moved to the first target level of 108.30 (February 3 low). Overcoming the level will open the second target of 109.50 - a November 2, 2019 high. The Marlin oscillator moved up, already in the zone of positive values.

Exchange Rates 26.05.2020 analysis

The price crossed the signal level of 107.78, a May 11 high, on the four-hour chart, while the Marlin oscillator turned up from the border with the decline territory. The situation is completely up.

Exchange Rates 26.05.2020 analysis

Laurie Bailey
Analytical expert of InstaForex
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