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21.04.202504:19 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement USD/JPY Main Currency Pairs, Monday April 21, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 21.04.2025 analysis

With the appearance of Convergence between the price movement of the main currency pair USD/JPY with the Stochastic Oscillator indicator and the position of the EMA (100) which is above the price, in the near future USD/JPY has the potential to continue its weakening where as long as there is no further strengthening that breaks and closes above the level of 149.43, then USD/JPY will continue its weakening to the level of 139.59 if the volatility and momentum of the weakening support it, then 137.10 will be the next target that will be tested and aimed for.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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