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The USD/JPY pair has reacted very technically to the U.S. presidential elections. On Wednesday, the price broke out of the 150.83–153.60 range, with the Marlin oscillator reversing upward from its neutral zero line. The target at 156.39 is now open, and if surpassed, further growth toward 157.72 is possible.
Generally, the yen may continue to weaken (moving upward on the chart) until a collapse in the U.S. stock market triggers a financial-economic crisis. If the price reaches 163.22 (the upper boundary of the price channel) before such a crisis occurs, the Bank of Japan may intervene, potentially by raising its key interest rate.
However, with the Federal Reserve expected to lower its interest rate today, the dollar's advance could slow. We anticipate the start of consolidation above the 153.60 level, with growth resuming next week.
Strong growth began following a double price convergence with the Marlin oscillator in the four-hour time frame.
The price is now firmly above the 153.60 level and both indicator lines. Marlin is turning upward as it approaches the overbought zone. During the consolidation phase, the oscillator is likely to cool down and discharge. Once that is complete, we expect the pair to resume its upward movement toward the stated targets.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।