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Following Friday's 1.97% drop in the S&P 500 index, the USD/JPY pair fell by 120 pips. This morning, the Japanese Nikkei 225 index is down 3.85%, and USD/JPY is losing another 80 pips.
The 149.38 support has been breached, opening the target range of 145.08/91, with the lower boundary defined by the June 2023 high.
On the four-hour chart, the price has consolidated below the 149.38 level in both indicator lines. The Marlin oscillator is diving deeper into negative territory, reinforcing the bearish trend.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
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