empty
 
 
22.01.2019 09:10 AM
Forecast for USD/JPY on January 22, 2019

USD/JPY

On Monday, the yen made an attempt to consolidated above the green trend line of the upward price channel on the daily scale chart. Today in the Asian session, the price began to decline at the risk of going below this line. On the daily and four-hour charts, the Marlin oscillator signal line touches the zero line. When synchronizing a pattern on graphs of different scales, its influence on the price is enhanced. We believe that in this case, the price will not fall below 109.21 (January 15 high), the yen will turn up to the resistance of the downward price channel of the higher timeframe - 110.54.

This image is no longer relevant

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