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 been consolidating below the 157.72 level for the third consecutive day. However, this level represents only the lower boundary of the target range of 157.72–158.32, indicating that further growth may occur today or even tomorrow.
In our pre-New Year analysis, we mentioned that significant movement in the yen is unlikely before the Bank of Japan's meeting on January 24. If the yen remains resilient following the release of US labor market data on Friday, January 10, it will confirm our forecast. Under current conditions, trading decisions carry increased risks. The Marlin oscillator is pointing downward, suggesting that any price rise above 158.32 is highly likely to be a false breakout.
On the H4 timeframe, the price has settled above the balance line (red moving average), and the Marlin oscillator has entered positive territory. This indicates potential for further growth. However, the MACD line (blue moving average) is nearing its peak, and it is most likely that both the line and the price will reverse after reaching the apex.
*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.
