In the past two days, the yen was able to consolidate above the growing trend line of the price channel and the indicator line of balance on the daily chart. On the four-hour chart, the situation has not changed. Stock markets are growing (S & P500 0.54%, Nikkei225 0.97%), yen growth expectations remain, only slightly changed targets: 113.88 – the upper limit of the downward price channel, 115.22 – the upper embedded line of the growing price channel. Note such a characteristic moment – the Marlin oscillator signal line on the daily chart turned up exactly from the zero line. Last time the pattern occurred was on September 12, after which the price has increased significantly.
The material has been provided by InstaForex Company – www.instaforex.com