empty
 
 
30.01.2024 06:11 AM
Forecast for USD/JPY on January 30, 2024

USD/JPY

The USD/JPY pair tested the resistance level at 148.35 once again and forcefully moved downwards toward the support level at 146.24, just below which lies the MACD indicator line. The Marlin oscillator is decreasing. If the price consolidates below 146.24, it will signal the start of a medium-term decline in the pair, possibly below 140.27.

This image is no longer relevant

US government bond yields turned lower on Monday.

On the 4-hour chart, the price has settled below the balance indicator line, and the MACD line is turning downwards.

This image is no longer relevant

We are seeing signs of a new downward trend being formed. The Marlin oscillator made a false breakout into the positive territory (marked by a rectangle), afterwards it returned to the downtrend territory. We are waiting for the price to reach the first target level of 146.24.

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 June 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