For Traders

Analytical Reviews

Technical analysis

14.06.202106:49 Forex Analysis & Reviews: Forecast for USD/JPY on June 14, 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

In the last review, we noted the need for the stock market to rise for the USD/JPY pair to rise. And on Friday, USD/JPY received this support - the S&P 500 grew by 0.19%, the Nasdaq by 0.35%. Japan's Nikkei 225 is up 0.32% this morning.

The dollar's growth on Friday covered the fall on Thursday, the Marlin oscillator is in an active growing position, the 110.45 target is achievable, and the price may even surpass it. The second target is 111.39 - October 2018 low.

On the four-hour chart, the price settled above both balance and MACD indicator lines, Marlin is growing in the zone of positive values, we are waiting for the pair to grow towards the indicated targets.

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.