logo

FX.co ★ Forecast for USD/JPY on September 22, 2020

Forecast for USD/JPY on September 22, 2020

USD/JPY

The Japanese yen traded in a wide range of 88 points yesterday, closing the day with a 6 point gain. The limit will be the 123.6% Fibonacci level on the daily chart. The Marlin oscillator is in no hurry to turn upwards, therefore, we expect the decline to move towards the target level of 103.75.

Forecast for USD/JPY on September 22, 2020

The four-hour chart shows that the price has worked out a triple small convergence according to the Marlin oscillator, its signal line has entered the zone of positive values, and now it is going back to the bears' territory. We expect the pair to fall towards the target level of 103.75.

See also: You can open a trading account here
Forecast for USD/JPY on September 22, 2020

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account