29.04.201906:25 Forex Analysis & Reviews: Forecast for USD/JPY on April 29, 2019

Long-term review

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.

USD/JPY

In the past two days, the yen showed a trading range of 100 points, following a sharp fall on Thursday, there was an impulsive price increase of 60 points at higher volumes on Friday. However, the Bank of Japan itself became the cause of the increased volatility on Thursday, which in itself corrects the distortions. It is a holiday in Japan today as well as on Thursday. Today's Asian session is calm, the USD/JPY pair is slightly growing. The market calmed down. The price support is provided by the daily scale balance line (indicator red). The daily marlin oscillator signal line turns from the zero line up.

On the H4 chart, the price is still below the balance lines and MACD (indicator blue), but the marlin is already striving to enter the growth zone. We are waiting for the increasing technical signs and the price to move towards the upper boundary of the price channel of the weekly scale to the area of 112.65.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.