14.10.202105:27 Forex Analysis & Reviews: Forecast for USD/JPY on October 14, 2021


The USD/JPY pair dropped 33 points yesterday, probably due to the general weakening of the US currency. Yesterday, the US stock index S&P 500 rose by 0.30%, today the Japanese Nikkei 225 adds 1.07%, the dollar is ready to reach the target of 114.22.

Exchange Rates 14.10.2021 analysis

Consolidating above the level of 114.22 may extend the growth to the 115.80-116.16 range, but along this path, technical reversal patterns, for example, divergence, may form with a high degree of probability. Moreover, the nearest opportunity could be when the price reaches the nearest target level. Such a moment can be seen in detail on the four-hour chart:

Exchange Rates 14.10.2021 analysis

At the moment, the situation looks like the Marlin Oscillator has discharged from the overbought zone and is ready for forming new highs. It is possible that the struggle for the 115.80-116.16 range is not canceled, but it is recommended to treat this growth with caution.


Laurie Bailey,
Analytical expert of InstaForex
© 2007-2022

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。

提出您的问题,用 在线帮助.