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USD/JPY

Over the past two weeks, the dollar has spent a lot of effort to grow against the yen in difficult technical and fundamental conditions. Yesterday, the price could not gain a foothold over the red line of the price channel (on the daily) and fell back down by more than 40 points. The Marlin Oscillator is also turning down, now the price is supported by the green upward price channel line (107.22).

Exchange Rates 20.09.2019 analysis

As seen on the four-hour chart, the price was fixed under the balance and MACD lines, the Marlin oscillator is in a downward position. Continued growth is possible, but now after the correction.

Exchange Rates 20.09.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Laurie Bailey,
Analytical expert
InstaForex Group © 2007-2019
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