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FX.co ★ Forecast for USD/JPY on October 22, 2019

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Forex Analysis:::2019-10-22T03:59:06

Forecast for USD/JPY on October 22, 2019

USD/JPY

Yesterday, the dollar against the yen once again showed approximate stability in the market. External support for the pair still came from the stock market (S&P 500 0.69%), which, in turn, grew due to optimism regarding trade negotiations between the US and China.

Forecast for USD/JPY on October 22, 2019

The risk of further development of a reversal divergence remains on the daily chart. Only a price move above the resistance of the red price channel 108.90 can remove this risk.

Forecast for USD/JPY on October 22, 2019

Analyst InstaForex
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