empty
 
 
24.01.2020 06:21 AM
Forecast for USD/JPY on January 24, 2020

USD/JPY

The Shanghai Composite Chinese stock index fell 2.75% on Thursday, US indices closed mixed, which caused the USD/JPY pair to fall by 55 points at the moment. The movement was still not very persistent, the price did not begin to overcome the support of the balance line on the daily chart. The Marlin oscillator approached the boundary with the territory of the bears, and can turn up from it. Unless, of course, stock market fears of a pandemic of the Chinese coronavirus subside.

This image is no longer relevant

In general, the price is in the uncertain range formed by the support of the indicator line of balance and the resistance of the MACD line (109.82). In this state, staying between these two lines, the price may drop to an intermediate level of 109.00 (a July 10 high and a May 13, 2019 low). Consolidation below it opens the target of 108.50 - the Fibonacci level of 76.4%.

The positive scenario assumes that the Marlin signal line is turning up, the price is moving above the MACD line (109.82) and there is a slight continuation of growth towards the intersection of the lines of rising and falling price channels - 110.14.

This image is no longer relevant

The situation is decreasing in all indicators on the four-hour chart, but Marlin is aggressively turning up. The overall picture for the yen is not defined, the market is waiting for external incentives.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $1000 más!
    ¡En Abril, sorteamos $1000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback