empty
 
 
24.11.2021 05:43 AM
Forecast for USD/JPY on November 24, 2021

Over the past 24 hours, the USD/JPY pair has had difficulties in moving to the target range of 115.80-116.15. US stock indices closed mixed yesterday (Dow Jones 0.55%, Nasdaq -0.50%, Russell 2000 -0.08%), Asian indices are almost all in the red today. Perhaps this is just a short-term correction of the stock markets, but how not to miss a more serious fall... The technical signs of such a fall have long been ripe for stock indices.

This image is no longer relevant

On the daily scale of the USD/JPY pair, no reversal has yet been observed, except that the Marlin Oscillator has bent down.

But there are already reversal signs on the four-hour timeline. This is a double price divergence with an oscillator. The reversal will be confirmed when the price moves below the signal level 114.46 - the high on November 1. A departure under this level will automatically mean a decrease in the price under the MACD indicator line. The 113.16 target will open - support for the trend line, marked on the daily chart in green, to which the MACD line of the same scale is aiming for.

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