For Traders

Analytical Reviews

Technical analysis

30.06.202004:48 Forex Analysis & Reviews: Forecast for USD/JPY on June 30, 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 yen enthusiastically reacted to the growth of European and US stock indices on Monday, although it ended lower in Asian markets. The Nikkei 225 lost 2.29% yesterday, but with the S&P 500 up 1.47% today, the Japanese index rose 1.77%. The price reached the first target level of 107.77. The Marlin oscillator has moved into the growing trend zone, the price has the opportunity to develop growth first to 108.10, then afterwards, to the target range of 108.30/40.

The four-hour chart shows that the price reversal from the MACD line turned out to be very effective. The trend is upward in both charts under review, we are waiting for the price to grow to the first target of 108.10 (May 19 high).

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.