empty
 
 
14.06.2019 06:54 AM
Forecast for USD / JPY pair on June 14, 2019

USD / JPY pair

The main achievement for the USD/JPY pair against the background of almost sideways movement was the closing of the gap of the beginning of the week. On the four-hour chart, the price still cannot consolidate below the MACD line but the Marlin oscillator penetrates deeper into the negative area. We continue to adhere to our version with double convergence on a daily scale, after which we are waiting for the growth of the pair in the medium term but this option is hardly the main one. If the strengthening of the dollar and the growth of the stock market continues, the yen may turn around from current levels. In this case, the first goal will be the embedded line of the price channel at 109.17. or the development of growth, the price needs to fix above the MACD line (H4) and the signal line of the Marlin oscillator in order to return to the growth zone.

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 $5000 more!
    In November we raffle $5000 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