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Yesterday, the USD/JPY pair reversed from the local resistance at 153.28. A new medium-term target was likely set on October 10, as the price did not reach the 154.00 target.
The reversal occurred under the influence of a divergence on the daily scale. To solidify a medium-term movement, the price needs to establish itself below the target range of 151.70-152.10. The MACD line is located just below this range. Breaching 151.70 becomes strategically significant, as bears are considering advancing in the medium term.
On the four-hour chart, the price's drop below the MACD line coincided with the Marlin oscillator moving into a downtrend territory. This indicates a rapid price entry into the 151.70-152.10 range. After a consolidation within this range and a subsequent downward breakout, the intermediate target at 150.92 (the peak from August 1) would open up, and breaching this level would lead to the target of 149.19 – the peaks from September 3 and July 16.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।