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 quickly retreated from the 159.32 level after a false breakout on Friday. While the price is still aiming to break above this level, its movement is constrained by a weak divergence that has already formed on the daily chart.
Due to these opposing forces, the price may remain within the range of 156.04 to 159.32 until the Bank of Japan meeting on January 24. On the 4-hour chart, Friday's price surge was halted by the MACD line, causing the price to drop back below the 158.32 level, where it subsequently consolidated, including below the balance line. The Marlin oscillator has settled in the descending half.
Overall, moderate pressure is being exerted on the currency pair. The 158.32 level is being reinforced by the approaching MACD line, and the price is moving toward the lower half of the expected range of 156.04 to 159.32.
*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.
