27.09.202105:54 Forex Analysis & Reviews: Forecast for USD/JPY on September 27, 2021


Over the past three days, the USD/JPY pair has shown strong and confident growth when the price overcame the target level of 110.65. To some extent, this growth was unexpected, but it does not mean that now the market is returning to the strengthening of the dollar, to reaching 111.39 and 112.22.

Exchange Rates 27.09.2021 analysis

We estimate the reversal of the pair from the reached level with a further decline to the MACD line to the area of 109.65 with a probability of 70%; confusion in the stock markets, the general tendency for the dollar to weaken in other currency pairs may implement a downward trend scenario for USD/JPY. The Marlin Oscillator is giving an early reversal signal.

Exchange Rates 27.09.2021 analysis

The price is trying to return below the target level of 110.65 on the H4 chart, the Marlin Oscillator is sharply turning down from the overbought zone. We are waiting for the development of events.

*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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