empty
 
 
19.05.2021 06:41 AM
Forecast for USD/JPY on May 19, 2021

USD/JPY

The Japanese yen again finds itself in a situation of double multidirectional pressure from external markets: on the one hand, stock indices are declining (the S&P 500 dropped 2.48% in 3 days), on the other hand, the US dollar index shows technical signs of a reversal towards strengthening.

This image is no longer relevant

At the moment, the yen is following the dollar, as in the previous days, but if the stock market continues to decline with commodities, then the USD/JPY pair is likely to fall.

So, if the price surpasses the target level of 109.37, then the price will be able to rise to the second target level of 109.97, then the target range is 110.46/58.

This image is no longer relevant

A price decline below yesterday's low of 108.85 will set another momentum to decline to 108.35. Further, the goal is 107.30.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback