empty
 
 
16.07.2021 05:37 AM
Forecast for USD/JPY on July 16, 2021

USD/JPY

Stock markets closed lower on Thursday, the dollar index rose, investors slowly continued to withdraw from the risk and the USD/JPY pair fell by 12 points. This is not much, so we are waiting for the continuation. The price was delayed by the intersection point of the target level of 109.80 with the lower border of the price channel on the daily chart.

This image is no longer relevant

The price might surpass this support today, since the signal line of the Marlin oscillator is directed down. The price will continue to move towards the target level of 109.20.

This image is no longer relevant

The price settled under the balance indicator line on the four-hour chart, the Marlin oscillator is developing in the declining trend area. We are waiting for the price to settle below the level of 109.80 and a succeeding downward movement.

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