Main Quotes Calendar Forum
flag

FX.co ★ Forecast for USD/JPY on August 3, 2021

parent
Forex Analysis:::2021-08-03T04:24:08

Forecast for USD/JPY on August 3, 2021

USD/JPY

Yesterday, the Japanese yen reached the entire range of target levels 109.20/80, and this morning, it shows the intention to go beyond 109.20 and continue strengthening against the dollar. The pair is aiming for 108.35 - the lows of May 7 and 11. The Marlin Oscillator is declining.

Forecast for USD/JPY on August 3, 2021

The signal line of the Marlin Oscillator has formed a new continuous wedge on the four-hour char, the exit from which is most likely to go down. After consolidating under 109.20, the price may continue to decline towards the specified target.

Forecast for USD/JPY on August 3, 2021

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...