Reverse The U.S. Dollar To Japanese Yen (USD/JPY) Pair In A Downward Direction

The Run Higher In Japanese Yields Is Likely To Create Further Volatility In Global Markets

The USD/JPY pair stayed under the resistance of the nearest price channel line (145.15) for another day. Investors are afraid to buy the dollar, remembering the central bank's intervention on September 22. But short-term growth is still possible, the 147.35 target can be reached, as a result of which a divergence will form with the Marlin Oscillator, and the currency pair will turn into a medium-term decline.

Exchange Rates 04.10.2022 analysis

The price is moving sideways on the H4 chart, being between the MACD line and the linear resistance of one of the price channel lines (145.15). The Marlin Oscillator in the neutral position is moving along the zero line.

Exchange Rates 04.10.2022 analysis

Getting the price to settle above 145.15 will give it the first push towards 147.35, consolidating below the MACD line (144.08) will look like an attempt to reverse the pair in a downward direction from the current levels.

 

Relevance up to 04:00 2022-10-05 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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The Run Higher In Japanese Yields Is Likely To Create Further Volatility In Global Markets

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