The yen was able to overcome the resistance of the trend line of the downward price channel on the daily chart. Despite the fact that yesterday in Japan was a holiday. The double divergence of the price and the oscillator on the four-hour chart did not take place. Instead, there was a rising corridor, the price tends to its upper limit. On the price chart, the target is the resistance of the green rising price channel in the area of 114.45.
On the four-hour chart, the price also increases in the price channel.
The material has been provided by InstaForex Company – www.instaforex.com
USD / JPY
The yen was able to overcome the resistance of the trend line of the downward price channel on the daily chart. Despite the fact that yesterday in Japan was a holiday. The double divergence of the price and the oscillator on the four-hour chart did not take place. Instead, there was a rising corridor, the price tends to its upper limit. On the price chart, the target is the resistance of the green rising price channel in the area of 114.45.
On the four-hour chart, the price also increases in the price channel.
The material has been provided by InstaForex Company – www.instaforex.com
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