22.06.202004:35 Forex Analysis & Reviews: Forecast for USD/JPY on June 22, 2020

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USD/JPY

European stock indexes grew in vain on Friday, which prevented the yen from continuing to strengthen. The stock market has grown since the US session opened, some European indices managed to close in the red zone, and the US market (S&P 500) lost 0.56%. The yen strengthened (decreased on the chart) by ten points.

The technical situation for the yen has not changed, we are also waiting for prices to fall to the first target on 105.90. Overcoming the support of the price channel line opens the second target of 105.40.

The price is kept below the balance indicator line on the four-hour chart, the signal line of the Marlin oscillator moves along the border separating the growth and fall trends, that is, it is led from quotes at the moment. We are waiting for the price to move towards the designated target.

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