USD/JPY continues to consolidate ahead of further growth (according to the main scenario) to the target level of 115.80. The signal level is the resistance at 114.45, which did not allow the price to develop the growth on October 15, 18, 21.
The Marlin Oscillator has been declining for the past five days. This circumstance creates the risk of a deeper correction, to the support of the price channel line at 113.12.
On the four-hour chart, the price consolidated below the MACD indicator line, the Marlin Oscillator is in the negative area. This partly confirms the price's intention to decline to the target of 113.12. A decline below yesterday's low of 113.66 will confirm this intention. At the moment, the probability of a decrease is 60%.
*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.