For Traders

Analytical Reviews

Technical analysis

18.05.202106:10 Forex Analysis & Reviews: Forecast for USD/JPY on May 18, 2021

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 dollar dried up against the yen against the rest of the strengthening market. For the price to break above the MACD line, external support is certainly necessary. But now the price may fall to the lows of March 10 and May 7 to the technical level of 108.35.

The price settled below the MACD line on the four-hour chart, the Marlin oscillator entered the downward trend zone. We look forward to a further decline in the price to 108.35.

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.