26.02.202106:14 Forex Analysis & Reviews: Forecast for USD/JPY on February 26, 2021

USD/JPY

The Japanese yen has almost reached the target range of 106.50/65 and is now forming a double divergence with the Marlin oscillator. This is a sign of an impending deep correction. The first target for such a correction is set by the price channel line at the 105.23 level. Deeper targets are defined by the lows of February 23 and 10: 104.93, 104.42. The main scenario assumes the end of the correction at the nearest target (105.23), since the lower limit of the local bullish price channel passes at the same point.

Exchange Rates 26.02.2021 analysis

The price and the oscillator have formed a divergence on the 4-hour chart. The nearest support here is the MACD line at 105.75. Overcoming this line reveals the main target (105.23).

Exchange Rates 26.02.2021 analysis

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Laurie Bailey,
分析专家
InstaForex集团 © 2007-2021
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.