empty
 
 
20.08.2020 05:42 AM
Forecast for USD/JPY on August 20, 2020

USD/JPY

The dollar's growth from yesterday was so strong that the USD/JPY pair rose by 70 points even against the fall in the stock market. The dollar index added 0.78%. The Marlin oscillator has entered the growing trend zone. Thus, the nearest target for the dollar is the embedded price channel line at the 106.70 level. The MACD line will be overcome.

This image is no longer relevant

The price paused at the resistance of the MACD line on the four-hour chart. The Marlin oscillator has also moved into a growing trend zone. The price leaving the area above the MACD line, above the 106.18 level, opens the first target to 106.70.

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 $9000 more!
    In May we raffle $9000 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