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!
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.
*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.
