empty
15.02.2019 08:29 AM
Forecast for USD/JPY on February 15, 2019

USD/JPY

On Thursday, the markets caught up with several very alarming events; Donald Trump's intention to declare a state of emergency immediately after signing the budget for the current year, which does not provide for the construction of the border wall with Mexico, the refusal of the British Parliament to postpone the country's exit from the EU for three months, weak data on the US economy: retail sales decreased by 1.2% in December, the producer price index showed -0.1% in January, inventories of companies decreased by -0.1% against expectations of an increase of 0.3%. This morning, the consumer price index in China in the January estimate dropped from 1.9% y/y to 1.7% y/y. As a result, the yen, being a safe haven currency, strengthened by 54 points against the dollar.

This image is no longer relevant

This image is no longer relevant

At the moment, the price of USD/JPY has reached the point of coincidence of the balance lines and the Krusenstern on the four-hour chart. On the daily chart, the price is supported by the embedded trend line of the price channel. On H4 there is a price divergence with the Marlin indicator, and whether the potential of the market for this pattern has dried up is, of course, unknown. A consolidation below 110.30 will make it possible for the price to fall to the support of the upward line of the price channel on the daily chart at 109.65, which is also the lower limit of the range of February 4-8. We can speak about the resumption of growth only after the Marlin signal line reaches the zone of positive numbers on the four-hour chart, which is possible on the price chart with the yen above 110.65. The growth target is still the same - 111.24.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

Recommended Stories

EUR/USD: January 21st. The Dollar Starts the Week Poorly

On Monday, the EUR/USD pair unexpectedly continued its upward movement, reaching the resistance zone of 1.0405–1.0420. A rebound from this zone led to a reversal in favor

Samir Klishi 11:24 2025-01-21 UTC+2

GBP/USD: January 21st. New Challenges for the Pound

On the hourly chart, the GBP/USD pair on Monday rose above the corrective level of 261.8% at 1.2303. However, a close below this level suggests a reversal in favor

Samir Klishi 11:19 2025-01-21 UTC+2

Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Tuesday January 21, 2025.

With the appearance of divergence between the price movement of the NZD/USD commodity currency pair with the Stochastic Oscillator indicator and confirmation of its price movement moving above

Arief Makmur 09:59 2025-01-21 UTC+2

Technical Analysis of Intraday Price Movement of Platinum Commodity Instrument, Tuesday January 21, 2025.

The Platinum commodity instrument on its 4-hour chart is currently still moving in a weakening condition where this is confirmed by its price movement which is moving within the Bearish

Arief Makmur 09:59 2025-01-21 UTC+2

Video analysis for January 21, 2025

Potential for the further rally on EUR/USD

Petar Jacimovic 09:45 2025-01-21 UTC+2

EUR/USD and GBP/USD on January 21 - Technical Analysis of the Situation

The week started on a highly optimistic note. The pair managed to test its nearest key benchmarks at 1.0399 - 1.0404, which corresponds to the final level of the Ichimoku

Evangelos Poulakis 07:09 2025-01-21 UTC+2

Forecast for EUR/USD on January 21, 2025

On the day of Donald Trump's inauguration, it was announced that the new administration would not introduce "global" trade tariffs in the near future. This announcement

Laurie Bailey 04:12 2025-01-21 UTC+2

Forecast for GBP/USD on January 21, 2025

The initial attempt to push GBP/USD below 1.2186 was hindered by a speculative spike of 180 pips following Donald Trump's inauguration. However, strategically, nothing has changed. The price still

Laurie Bailey 04:12 2025-01-21 UTC+2

Forecast for AUD/USD on January 21, 2025

The Australian dollar ended yesterday with a sharp rise but has started today with a significant decline. This volatility may push the pair towards the resistance level of 0.6351

Laurie Bailey 04:12 2025-01-21 UTC+2

Trading Signals for XAU/USD for January 20-23, 2025: buy above $2,700 (21 SMA - 6/8 Murray)

Early in the American session, gold is trading around 2,709 bouncing after having hit the low at 2,690. It is likely that it will continue to rise in the next

Dimitrios Zappas 16:15 2025-01-20 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.