The Japanese yen continues to experience difficulties in regaining growth. On Friday, the American stock market put it up, albeit only slightly, but down by 0.01%. At the moment, the price is supported by the Krusenstern line on the four-hour chart, but on the daily half the price is below the trend line of the price channel. The signal line of the Marlin oscillator in the trend reduction zone. The political factor is also intensifying – tomorrow there will be a vote in the UK parliament on the main conditions for leaving the EU. It is expected that the existing conditions signed by Prime Minister May with the EU will not be accepted. In this case, investors will prefer to buy the yen against the dollar, that is, the price will go down. The target levels are the Fibonacci retracement levels of growth from January 3-8: 107.34, 106.80, 106.24, 105.54.
The material has been provided by InstaForex Company – www.instaforex.com
USD/JPY
The Japanese yen continues to experience difficulties in regaining growth. On Friday, the American stock market put it up, albeit only slightly, but down by 0.01%. At the moment, the price is supported by the Krusenstern line on the four-hour chart, but on the daily half the price is below the trend line of the price channel. The signal line of the Marlin oscillator in the trend reduction zone. The political factor is also intensifying – tomorrow there will be a vote in the UK parliament on the main conditions for leaving the EU. It is expected that the existing conditions signed by Prime Minister May with the EU will not be accepted. In this case, investors will prefer to buy the yen against the dollar, that is, the price will go down. The target levels are the Fibonacci retracement levels of growth from January 3-8: 107.34, 106.80, 106.24, 105.54.
The material has been provided by InstaForex Company – www.instaforex.com
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