Facebook
 
 

26.11.202004:56 Análisis del mercado Forex: Forecast for USD/JPY on November 26, 2020

USD/JPY

The recent correlation of the USD/JPY pair with the stock market turned out to be its first unfortunate surprise. Due to the mixed data on the US economy, investors left the market ahead of today's holiday and as a result the S&P 500 showed -0.16%, Dow Jones -0.58%, and the Nasdaq 0.48%. The yen has strengthened by one symbolic point.

Exchange Rates 26.11.2020 analysis

The decline is intensifying this morning. The signal line of the Marlin oscillator returns to the negative trend zone, although it tries to resist. Nevertheless, the 104.05 level looks strong enough to hold the price until tomorrow night, when US investors return to the market and re-evaluate yesterday's US statistics, as they are generally favorable. There is only one risk - hard Brexit. The only question is when and how will the European political players confront investors with this fact.

Since the optimism on stock markets that we expected yesterday did not materialize, even with the subsequent growth of stock markets, the yen will not have time to reach the 105.88 target - a Brexit without a deal will pull down the price. Of course, the deal can take place, but we consider the UK's exit from the EU without a deal as the main option.

Exchange Rates 26.11.2020 analysis

The four-hour chart shows that the price has overcome the support of the MACD line with a clear intention to reach the lower level of 104.05. There may be an upward reversal from it with another attempt to rise to 104.77.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Laurie Bailey,
Experto Analítico
Grupo InstaForex © 2007-2021
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

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