With great work, the yen managed to solve last week’s main technical problem – to overcome the resistance of the balance line of the daily scale (red indicator) in order to be able to increase to a target of 112.84 without fear of a sharp collapse. This morning the price has become open; on the daily chart, the price is above all indicator lines, on H4, the signal line of the marlin oscillator turns up from the border with bearish territory. After overcoming 112.84, the next target of 113.35 is opened – the resistance of the embedded line of the rising price channel (green).
The material has been provided by InstaForex Company – www.instaforex.com
USD/JPY
With great work, the yen managed to solve last week’s main technical problem – to overcome the resistance of the balance line of the daily scale (red indicator) in order to be able to increase to a target of 112.84 without fear of a sharp collapse. This morning the price has become open; on the daily chart, the price is above all indicator lines, on H4, the signal line of the marlin oscillator turns up from the border with bearish territory. After overcoming 112.84, the next target of 113.35 is opened – the resistance of the embedded line of the rising price channel (green).
The material has been provided by InstaForex Company – www.instaforex.com
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