Yesterday, the yen once again tried to overcome the resistance of the price channel, or rather, the embedded line in the price channel and also the indicator trend line of the Krusenstern, which unfolds down near this graphical trend line. The collapse of the US stock market by more than 3% did not leave the Japanese currency a chance. The price was fixed under the balance line on the daily scale and under the Krusenstern line on the four-hour scale. The Marlin oscillator on both scales shows a decrease in the trend. The price continued to overcome the support of the low of October 15 (111.64), after which it may fall to 110.39 – the low of September 7. A low of 21 Aug – 109.79.
The material has been provided by InstaForex Company – www.instaforex.com
USD/JPY
Yesterday, the yen once again tried to overcome the resistance of the price channel, or rather, the embedded line in the price channel and also the indicator trend line of the Krusenstern, which unfolds down near this graphical trend line. The collapse of the US stock market by more than 3% did not leave the Japanese currency a chance. The price was fixed under the balance line on the daily scale and under the Krusenstern line on the four-hour scale. The Marlin oscillator on both scales shows a decrease in the trend. The price continued to overcome the support of the low of October 15 (111.64), after which it may fall to 110.39 – the low of September 7. A low of 21 Aug – 109.79.
The material has been provided by InstaForex Company – www.instaforex.com
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