empty
 
 
02.09.2020 05:37 AM
Forecast for USD/JPY on September 2, 2020

USD/JPY

The Japanese yen showed a range of 56 points yesterday, at the end of the session it was only 3 points higher than the opening price. The balance indicator line served as resistance on the daily chart.

This image is no longer relevant

Today, the price has moved above the balance line while the signal line of the Marlin oscillator is in the zone of positive values, but further growth is hindered by the situation on the four-hour timeframe.

This image is no longer relevant

Here, the price decides to overcome the MACD line around the 106.20 mark, but if it fails, the price could fall again with even greater determination to reach the target of 104.96 – the lower border of the ascending price channel (daily).

So, setting the price above 106.20 opens the goal of 106.62, then the second goal of 107.00 opens.

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 April 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