Forecast for USD/JPY on Jan 2, 2020

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USD/JPY

The Japanese yen sharply increased its strengthening during the final two days of December, having fixed itself under the indicator lines of balance and MACDon the daily chart. The signal line of the Marlin oscillator went down from its own two-month range. The immediate goal of 108.22 is the line of the red downward price channel. Overcoming support opens the second target of 107.67 on the green price channel line. Further, a decrease to 107.34 is possible.

On the four-hour chart, the situation is completely downward, the local reversal of the signal line of the leading Marlin oscillator in the observed situation is led.

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The material has been provided by InstaForex Company – www.instaforex.com

Source:: Forecast for USD/JPY on January 2, 2020

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