Unfortunately, the yen's consolidation above the MACD line and the balance line on the daily chart from last Tuesday turned out to be false. The price fell by 40 points on Friday and now it faces another, bearish target - 105.30. Overcoming it opens the second target at 105.00 - support for the embedded price channel line.
The price settled below the MACD line on the four-hour chart. The Marlin oscillator is declining in the negative zone. The trend is downward, we are waiting for the price to reach the first target level.
*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.
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.