empty
 
 

06.10.202105:32 Forex Analysis & Reviews: Forecast for USD/JPY on October 6, 2021

USD/JPY

Yesterday's growth of the US stock market by 1.05% (S&P 500) was a good boost for the correctional growth of the USD/JPY pair by 53 points. This morning the price reached the target level of 111.67 (high on July 2) and there is a risk of a downward reversal from it to the support of the price channel line at 110.67. Consolidating above 111.67 opens the bullish target at 112.22, and breaking through 112.22 opens the target at 113.08 - the next line of the price channel on the higher-scale chart.

Exchange Rates 06.10.2021 analysis

The main factor of developing the downward scenario, which we consider to be the main one, is the continuing deterioration of the situation in the stock markets. Yesterday's growth of the indices is still within the correction.

Exchange Rates 06.10.2021 analysis

The situation is ascending on the four-hour chart, but the Marlin Oscillator only slightly entered the positive area, at any moment it is ready to return back below the zero line. When the price moves under the MACD line (111.17), the first bearish target at 110.67 is opened.

*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.