Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
Last Friday, the USD/JPY pair fell by 104 points, and so the pair did not reach the target level of 133.10 that was set by the embedded line of the price channel. Now the price has two options: to continue working on the support or to move up from the current levels in a correction in order to reach the target resistance level of 135.2, or to 137.00, and turn around to 133.10, but with an attempt to cross it and fall to 130.41. This level coincides with the August 2 low.
A price convergence with the Marlin oscillator in this form, unfortunately, does not provide any advantage to any of the scenarios so it can remain at 133.10 from the current levels.
On the four-hour chart, the price settles under the level of 135.25. The Marlin oscillator is rising, but it is still in the negative territory. In order for the price to continue rising, it needs to settle above 135.25. By that time Marlin will be in the positive territory. Resistance at 137.00 is reinforced by the MACD indicator line, so the fate of the decline from October 21 may be decided here.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
