empty
 
 
21.06.2021 05:02 AM
Forecast for USD/JPY on June 21, 2021

USD/JPY

Last Friday there was a strong drop in stock indices: S&P 500 -1.31%, Russell 2000 -2.05%, Stoxx 600 -1.53%. The Nikkei 225 is down 3.16% this morning, while the Australian S&P/ASX 200 is down -1.74%. Perhaps this is already the reversal of the markets into the medium-term decline that began last week.

This image is no longer relevant

Under such circumstances, the USD/JPY pair will no longer reach the target level of 111.39, and now it will face a mid-term decline.

The price has settled under the MACD indicator line on the daily chart, the Marlin oscillator is still in the growth zone, but it is decreasing. The bears' first target is 109.80, then 109.20 and 108.35 - lows on May 7 and 11.

This image is no longer relevant

The price is already attacking the MACD line at 110.07 on the four-hour scale. Going beyond this support opens the nearest target at 109.80. Successfully moving to the area below it and being able to settle there paves the way to the second target of 109.20 - to the low on June 7.

The price has to do more today than on any day of the last two weeks in order to develop the growth. It needs to break the Friday high at 110.49 in order to rise above the price channel line, which is already difficult to do. But if it is successful, the 111.39 target can be achieved.

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 $5000 más!
    ¡En Noviembre, sorteamos $5000 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