For Traders

Analytical Reviews

Technical analysis

30.12.202106:02 Forex Analysis & Reviews: Forecast for USD/JPY on December 30, 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 USD/JPY pair follows its main scenario in spite of the external markets. Yesterday, the dollar index fell 0.18%, the US and European stock indices closed mixed. Reversal intentions are not visible on the yen's daily chart, the price is in a stable upward position. The 115.80-116.15 target remains relevant.

On the H4 chart, just like a day ago, the signal line of the Marlin Oscillator reverses on the way to the zero line. If the oscillator still does not reverse, then the price will reverse and will be able to attack the support at 114.34. But this is currently an alternative scenario.

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.