empty
 
 
10.07.2020 05:08 AM
Forecast for USD/JPY on July 10, 2020

USD/JPY

The US stock market fell by 0.56% (S&P 500) on Thursday, the yen followed it, losing five points. Investors were probably not quite ready for the stock market to slip, so the decline in the yen is moderate on the internal desire of investors to still buy the USD/JPY pair, because the dollar itself is strengthening. However, consolidating the price under the MACD line (106.95) on the daily chart may change the nature of the market to the opposite – the yen will fall to support the embedded price channel line in the area of 105.74. The Marlin oscillator has been in the negative trend zone for more than a week.

This image is no longer relevant

The price is pinned under the balance and MACD indicator lines, Marlin is in the negative zone, the intention of the price to go below 106.95 is clear, but the moment is critical, so you should wait for the price to actually consolidate under the specified level. Afterwards, you can open short positions on the pair.

This image is no longer relevant

An exit of the price over the MACD line, above 107.40, will send the price back to the level of 107.77. This will be an even more powerful attack on the price of it than it was in the first decade of July.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback