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15.09.202106:16 Forex Analysis & Reviews: Forecast for USD/JPY on September 15, 2021

USD/JPY

Despite all the prerequisites for growth that the USD/JPY pair had prepared for yesterday, the collapse of stock indices broke them - the price lost 29 points per day and went under both indicator lines - under the balance line (red) and MACD line (blue).

Exchange Rates 15.09.2021 analysis

The Marlin Oscillator has entered the negative trend zone for the first time since August 24. The pair now has a target of 109.20. Yesterday, the S&P 500 fell by 0.57%, the Russell 2000 by -1.44%, the probability of an increase in the fall, of course, is, and a medium-term fall, as on the agenda are concerns about a weakening of US indicators and an increase in corporate tax from 21% to 26.5%. And if the stock markets continue to fall, the next target for the yen will be the level of 108.35 - the low on May 11 and March 11.

Exchange Rates 15.09.2021 analysis

On the four-hour chart, the price has settled below the balance and MACD indicator lines, the Marlin oscillator is in the negative zone, we are waiting for a further decline to the first target of 109.20 (June 8 low).

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

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2021
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