empty
 
 
17.02.2022 05:57 AM
Forecast for USD/JPY on February 17, 2022

Stock indices weakened on Wednesday, due to good US economic data (January retail sales rose 3.8% vs. 2.0% expected, industrial production increased 1.4%), closing was mixed; S&P 500 0.09%, Dow Jones -0.16%, Nasdaq -0.11%. The USD/JPY pair also fell by 12 points. The day closed below the MACD indicator line on the daily scale chart. The signal line of the Marlin Oscillator continued its gradual decline, which strengthened the visual perception of the divergence. The probability of developing a downward movement towards the 113.33 target is increasing.

This image is no longer relevant

On the four-hour chart, the price has settled below both indicator lines, the Marlin Oscillator is in negative territory. Breaking the signal level of 115.27 (February 15 low) will be the beginning of a medium-term downward movement. A decline below the February 14 low at 115.02 will consolidate the downward trend.

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 $9000 more!
    In May we raffle $9000 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