empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

23.05.201907:27 Forex Analysis & Reviews: Forecast for USD / JPY pair on May 23, 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 pair

On Wednesday, the USD/JPY pair lost 13 points after testing the support line, which was recently resistance. Here, the price checked the strength of two technical lines at once with the red lowering price channel and the green rising. The daily scale Marlin oscillator signal line did not react to this price movement, continuing to move exactly along the border with the growth area. On the four-hour chart, the Marlin oscillator signal line touched the border with the "bears" territory and turned up this morning. Growth conditions are not violated and the price may continue to move towards the next goal of 111.05, which was the MACD line of the daily chart. Fixing above the line opens the way to the resistance of the price channel in the area of 112.37.

Exchange Rates 23.05.2019 analysis

Exchange Rates 23.05.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off