23.11.202105:27 Forex Analysis & Reviews: Forecast for USD/JPY on November 23, 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.

The US dollar strengthened against most world currencies on Monday, and added 87 points against the Japanese yen, decisively heading to the target range of 115.80-116.15. Such decisiveness is also indicated by the Marlin Oscillator, which has moved into the zone of positive values and has broken the line forming the divergence.

A completely upward trend has developed on the four-hour scale: the price has overcome the resistance of the balance indicator line (red), which empirically means a shift in the market's interest in buying. The Marlin Oscillator has infiltrated the bulls' zone.

Also, the price went above the local signal level of 114.55, which fulfilled the last condition of the market for further growth.

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.