Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

Forecast for USD / JPY as of September 25, 2018

September 25, 2018 Analytics

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USD / JPY

The yen was able to overcome the resistance of the trend line of the downward price channel on the daily chart. Despite the fact that yesterday in Japan was a holiday. The double divergence of the price and the oscillator on the four-hour chart did not take place. Instead, there was a rising corridor, the price tends to its upper limit. On the price chart, the target is the resistance of the green rising price channel in the area of 114.45.

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On the four-hour chart, the price also increases in the price channel.

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The material has been provided by InstaForex Company – www.instaforex.com

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