empty
 
 
16.09.2019 06:06 AM
Forecast for USD / JPY pair on September 16, 2019

USD / JPY pair

Today, the Japanese yen opened as a safe haven with a 60-point decline gap in connection with the drone attack on oil rigs in Saudi Arabia over the weekend, primarily by the state-owned company, Saudi Aramco. We are not inclined to give this diversion a deeply negative outlook. Rather, we are waiting for the situation to calm down and the recovery of production volumes in Saudi Arabia, as well as the further growth of the USD/JPY pair. Also, US President Trump allowed selling oil from strategic reserves not only inside the United States but also on the foreign market.

This image is no longer relevant

On the daily chart, the price has the tendency to recover to Friday levels and probably to work out the target of 108.35 on the line of the red price channel.

This image is no longer relevant

The four-hour chart shows that the week opened exactly from the MACD line. Now, this line is acquiring strategic importance. The price drop below 107.50 opens a "bearish" goal to 107.18 (support of the green price channel on daily) and the MACD line of 106.50, also on the daily.

In the main scenario, growth is likely to continue to 108.35 or around 109.20 and 109.58.

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