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FX.co ★ Forecast for USD/JPY on May 18, 2021

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Forex Analysis

2021-05-18T04:10:35
iconRelevance until2021-05-19

Forecast for USD/JPY on May 18, 2021

USD/JPY

The dollar dried up against the yen against the rest of the strengthening market. For the price to break above the MACD line, external support is certainly necessary. But now the price may fall to the lows of March 10 and May 7 to the technical level of 108.35.

Forecast for USD/JPY on May 18, 2021

The price settled below the MACD line on the four-hour chart, the Marlin oscillator entered the downward trend zone. We look forward to a further decline in the price to 108.35.

Forecast for USD/JPY on May 18, 2021

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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