empty
 
 
18.01.2019 09:21 AM
Forecast for USD / JPY on January 18, 2019

USD / JPY

The yen continues to grow slowly. The price reached the nearest resistance, the rising line of the price channel in the region of 109.50. In the last review, we noted that the risk of a negative scenario will continue until the yen shows pronounced growth. It is this growth that is not happening yet. The price has a chance to consolidate above 109.50 and grow to the next line of the price channel of 110.53. In this case, there is a likelihood of overcoming the price of the Kruzenshtern descending line. We consider such a scenario as the main and positive one. The negative scenario implies a price reduction towards the support of the Kruzenshtern line on H4 108.03. This development of the current situation is indicated by the Marlin oscillator of the daily timeframe, as there is a risk of its reversal down from the zero line.

This image is no longer relevant

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $8000 more!
    In March we raffle $8000 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback