empty
 
 
27.04.2020 05:07 AM
Forecast for USD/JPY on April 27, 2020

USD/JPY

The Japanese yen continues to trade in a narrow range under the balance and MACD indicator lines on the daily chart, but now the price is already below the line of the price channel, which slightly, but still raises the likelihood of reaching immediate support at 106.70. Overcoming support opens a more significant goal along the price channel in the area of 102.40. The signal line of the Marlin oscillator lies in the horizon inside its own wedge.

This image is no longer relevant

The Marlin oscillator has consolidated in the negative trend zone on the four-hour chart. As the price overcomes the signal level 107.30 (low of April 17 and 21), the movement to the first target will likely be 106.70.

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 $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

Recommended Stories

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