The USD/JPY Pair Is Approaching The Target Of 147.30

The USD/JPY Price Reversed From The Lower Limit

The USD/JPY currency pair, after consolidating above the nearest embedded price channel line on the daily chart, accelerated its growth towards the next target line in the area of 147.30.

Exchange Rates 12.10.2022 analysis

Here, according to the main scenario, we expect a divergence to form with the Marlin Oscillator and a reversal into a deep correction, presumably to the MACD line (143.00).

If the price settles above 147.30, the dollar's growth may become extreme - up to the next line of the price channel in the area of 150.00.

Exchange Rates 12.10.2022 analysis

On the 4-hour chart, the price is accelerating growth supported by a strongly rising Marlin Oscillator. The price, at first and second glance, is not holding back from moving towards the target of 147.30.

 

Relevance up to 04:00 2022-10-13 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.

Read more: https://www.instaforex.eu/forex_analysis/324033

The USD/JPY Price Reversed From The Lower Limit

InstaForex Analysis

Instant Trading EU Ltd. is the CFD broker operating under the brand instaforex.eu, regulated by CySec with license number 266/15.

Besides CySEC, Instant Trading EU Ltd. is also supervised by the Czech National Bank (CNB), the Slovak National Bank (SNB), and the Polish Financial Supervision Authority (KNF). InstaForex.eu has branches in the Czech Republic, Slovakia, and Poland, where it provides support in local languages. InstaForex.eu is a member of the Investor Compensation Fund (I.C.F) which is an additional security for the client's funds.

InstaForex.eu offers access to around 2,500 instruments (CFDs in Stocks, ETFs, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Stocks) and the MT4 and MT5 platforms,trading accounts in EUR, USD, PLN, CZK, GBP.

More information at: www.instaforex.eu

 

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.82%. of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.