empty
 
 
26.09.2024 05:33 AM
Forecast for USD/JPY on September 26, 2024

Yesterday, the USD/JPY pair successfully broke above the resistance level of 143.60 and the balance line (red moving average). The Marlin oscillator continues to grow steadily. The target of 146.50 is open. The MACD line reinforces this target, and a reversal from it could lead to a retest of the target range of 139.70-140.27.

This image is no longer relevant

Today's data from the US, which is expected to be optimistic (GDP, consumer spending, durable goods orders), could provide the basis for further growth of the pair.

This image is no longer relevant

On the four-hour chart, the signal line of the Marlin oscillator has settled in positive territory. The price is rising above the indicator lines, indicating an upward trend. The MACD line may halt the price breaking through the support level of 143.60 at 142.76, which roughly corresponds to yesterday's low.

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