empty
 
 
06.10.2022 05:05 AM
Forecast for USD/JPY on October 6, 2022

The USD/JPY pair continues to consolidate under the sloping ascending line of the monthly price channel. Investors are probably waiting for tomorrow's data on US employment in order to confidently resume long positions on the dollar together with the rest of the market.

This image is no longer relevant

The growth prospect still does not seem very long, our main scenario involves working out the nearest resistance along the price channel line in the area of 147.35, where the price can form a divergence and a subsequent reversal with the Marlin Oscillator.

This image is no longer relevant

The Marlin Oscillator is moving along the zero line on the four-hour chart. The price is between the MACD line and the resistance level of 145.20. Consolidating above it (and in case of strong news, simply overcoming the level) opens the target at 147.35.

Yesterday there was a false consolidation of the price below the MACD line, which is also a sign of the price's intention to continue growing further.

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