26.01.202206:08 Forex Analysis & Reviews: Forecast for USD/JPY on January 26, 2022

Yesterday, the USD/JPY pair tried to break above the balance indicator line, taking advantage of the general strengthening of the dollar by 0.11%, but the stock market, which collapsed by 1.22% (S&P 500), did not allow this to be done. The trend continued in a downward direction, the target level of 113.27 - the line of the price channel of the monthly timeframe, remains relevant. Consolidation under the first target opens the second and rather low one – 110.90.

Exchange Rates 26.01.2022 analysis

On the chart of a four-hour scale, the price is clearly kept from growth by the MACD line. Accordingly, settling above it may disrupt the dollar's downward mood, at least in the short term. The signal level is yesterday's high at 114.17. This short-term rise may reach the MACD line on a daily scale - the 115.20 mark area.

Exchange Rates 26.01.2022 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
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.

  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.