empty
 
 
14.04.2021 05:43 AM
Forecast for USD/JPY on April 14, 2021

USD/JPY

The USD/JPY pair is in a difficult position right now; the dollar index lost 0.27% yesterday, and the US stock indices closed in different directions: Dow Jones -0.20%, S&P 500 0.29%, Russell 2000 -0.07%. In today's Asian session, the Japanese Nikkei 225 index is down 0.36%, while the Australian S&P/ASX 200 is growing by 0.58%. That is, the uncertainty has moved to the Asian region.

This image is no longer relevant

Trading in the 108.40-109.37 range is excluded. Getting the price to settle below 108.40 will open the target range of 107.35/55, while being able to settle above 109.37 will reopen the 110.38 target- the embedded price channel line of the higher timeframe.

This image is no longer relevant

The situation does not become clearer on the H4 chart. Even the emerging convergence of price with the Marlin oscillator may give a premature indication of a price reversal to the upside. We are waiting for the development of the situation.

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