USD / JPYSo, our expectations about a sharp price spike from the local price channel upwards were met. Yesterday, the USD / JPY pair jumped to 96 points, leaving the target range of 107.35 / 50 deep below. Now the price needs to settle above the target level of 108.16, then go even higher to the...
Analysis:A hidden correction on GBP/USD is coming to an end. The upward trend that started on February 26 is likely to reverse in the near future. It could mark the beginning of the final part of the main wave.Forecast:Traders are likely to actively trade the pair at the end of the day or tomorrow....
USD/JPYThe USD/JPY pair is moving below the upper border of the price channel of the daily timeframe for the fourth day. Yesterday, the dollar grew by 32 points and the US stock market fell by 1.31% (S & P500), which is very indicative of the pair's sentiment towards medium-term growth. The...
USD/JPY reached a new high of 106.98 level and is almost to reach the 107.00 psychological level which is seen as an important upside target. You know from my analysis that the pair should continue to increase and reach new highs as long as it trades above the red uptrend line.So, the pair will...
USD/JPYYesterday, the yen (or rather, the dollar against the yen) did not surpass the upper border of its price channel and slightly decreased to the support range of 106.50/65. The Marlin oscillator also noted a decline from the upper border of the channel. But the decline is not so much...
Hello, dear traders!Let's summarize the result of February trading on USD/JPY. We also will try to find entry points and determine a further trend direction.Monthly chartAccording to the monthly chart, USD/JPY increased sharply and closed at 106.55 in February. Notably, 106.00 is a very important...
USD/JPY has finally managed to pass above the ascending pitchfork's median line indicating further growth. I've told you in my previous analyses that the pair should extend its swing higher if it jumps and closes above the median line (ML).USD/JPY should continue higher if the USDX continues to...
USD/JPYYesterday, the yen has exactly reached the upper border of the rising channel, which began on January 6th. The Marlin oscillator reached the upper border of its own price channel, and all this created a certain intrigue - whether there will be a price breakout to the upside, or whether it...
Let's take a look at the technical picture of EUR/GBP, GBP/USD, USD/JPY and USDX at the beginning of the trading week. The material has been provided by InstaForex Company - www.instaforex.com
USD/JPYIn its growth, the USD/JPY pair reached the target range of 106.50/65 and a double divergence formed with the Marlin oscillator. At first glance, a deep correction seems inevitable, but the oscillator readings are not limited to the standard divergence, it develops in its own downward...
