empty
 
 
27.01.2021 05:01 AM
Forecast for USD/JPY on January 27, 2021

USD/JPY

On Tuesday, the Yen slightly strengthened and in today's Asian session, it had completely regained its strength. All these occur above the Kruzenshtern indicator line when the Marlin oscillator signal line is held in a growing position; though the Marlin itself has not left the growth zone since January 7. The pair's mood is growing so we are waiting for it to overcome the nearest resistance of the price channel line in the area of 104.16, then further growth of the Dollar to the next (parallel) line of the price channel in the area of 105.40.

This image is no longer relevant

On a four-hour scale, the Marlin Oscillator turns up from the border of trends, rising and descending, which indicates the intention of the price to overcome the Kruzenshtern line around the 103.87 mark. After this, the target opens on the daily scale chart at 104.16.

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 $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