empty
 
 
18.09.2024 04:47 AM
Forecast for USD/JPY on September 18, 2024

On the day of the Federal Reserve's rate decision, the yen finds itself relatively neutral after working out the target support at 139.70–140.27. Over the past two weeks, the Marlin has formed a range with its central line along the trend line.

This image is no longer relevant

There is a risk of this range expanding approximately to the limits of the green rectangle. This could indicate that the upper boundary of the price channel may be breached, with price fluctuations occurring between the levels of 137.26 and 143.60. A sustained downward movement is possible if panic returns to the stock market. There are signs of this, such as the rising pace of bankruptcies in the U.S.

This image is no longer relevant

On the 4-hour chart, the price is breaking below the MACD line, and the Marlin oscillator is approaching the zero line. A downward spike is likely to expand the price range.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback