For Traders

Analytical Reviews

Technical analysis

22.10.201905:59 Forex Analysis & Reviews: Forecast for USD/JPY on October 22, 2019

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

Yesterday, the dollar against the yen once again showed approximate stability in the market. External support for the pair still came from the stock market (S&P 500 0.69%), which, in turn, grew due to optimism regarding trade negotiations between the US and China.

The risk of further development of a reversal divergence remains on the daily chart. Only a price move above the resistance of the red price channel 108.90 can remove this risk.

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.