empty
 
 
19.02.2019 10:16 AM
Forecast for USD/JPY on February 19, 2019

USD/JPY

The Japanese yen quickly completed the technical divergence of the marlin oscillator on a four-hour schedule from February 14 to 15. The stop occurred on the Krusenstern line. Now, if the signal line of the oscillator goes to the zone of positive numbers, the divergence can be considered completed. Visually, such a transition of the oscillator is possible when the price rises above yesterday's high of 110.67. In this case, we expect growth to the resistance of the price channel line at the level of 111.20. Consolidation above the level opens a spacious growth to 113.15.

If, however, the price goes down and consolidates below the Krusenstern line on H4 (110.34), then the target range 109.65-110.00 will become relevant. But in terms of its quality, the specified range is more likely not related to the target range, but to the support range. The difference in quality will subsequently affect the future price behavior - from it the price can increase sharply.

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 $8000 more!
    In March we raffle $8000 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