empty
 
 
22.12.2021 05:25 AM
Forecast for USD/JPY on December 22, 2021

The USD/JPY pair grew by 52 points on Tuesday, rose above the MACD line and finally went into a state of uncertainty. Formally, the price transition above the signal level of 114.28 (December 15 high) opens the 115.80-116.15 target range, but the price has formed a local upward price channel, and therefore the price exit from the channel above 114.64 will become a more important sign of further growth.

This image is no longer relevant

A serious intention to develop the downward movement is when the price leaves the area under the price channel of the monthly timeframe (113.23). The target will be the lower line around the 110.80 mark.

This image is no longer relevant

On the H4 chart, the price is consolidating in the range of the nearest signal levels 113.96 and 114.28. Exit above the upper level opens the target at 114.64 - the upper limit of the daily mini-channel, going below the lower level opens the target at 113.46 - the MACD line on H4.

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