empty
 
 

01.10.202105:18 Forex Analysis & Reviews: Forecast for USD/JPY on October 1, 2021

USD/JPY

Our doubts and fears about the dollar's growth against the yen were not in vain. Yesterday, the USD / JPY pair lost 68 points with an accompanying collapse in the stock markets by more than one percent (S&P 500 -1.19%). Japan's Nikkei 225 is down 2.08% this morning. Apparently, the correction gravitates to half of the previous growth - coinciding with the trend line of the price channel on the daily scale chart (119.66). Consolidation below this line will deepen the fall to the 76.4% Fibonacci level, to the MACD indicator line.

Exchange Rates 01.10.2021 analysis

The price gravitates to the MACD line on the four-hour chart, to the area of the July 14 peak at 110.71. This level almost coincides with the price channel line on the daily chart. Accordingly, the support is strong, breaking it will be the first and sure signal for the formation of a medium-term downward trend, below the level of 109.12.

Exchange Rates 01.10.2021 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,
Analytical expert of InstaForex
© 2007-2022
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.