#
On Friday, the USD/JPY pair rebounded from the intersection of the target level at 146.50 and the MACD line on the daily scale with its upper shadow. This impulse pattern indicates a potential target range of 139.70-140.27 that could be reached soon.
The Marlin oscillator is sharply declining, supporting the price's intention, but it is not out of the growth zone. There might be a slight delay at the support level 141.60 from August 5 and September 6. Overcoming the target range will open the following target range at 136.95-137.26.
On the four-hour chart, the price has consolidated below the MACD and balance lines. The Marlin oscillator has entered the downward area quite deeply. The trend is downward on both charts.
The material has been provided by InstaForex Company - www.instaforex.com #
Posts
Posts
No comments:
Post a Comment