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!
USD/JPY
The yen continues to consolidate within the range of 150.80-151.95. If the price consolidates above the upper boundary of the range, the target would be 154.25. If it consolidates below the lower boundary, the nearest target would be 149.72, followed by 148.82, where the daily MACD line is approaching.
Perhaps the Marlin oscillator will enter the negative territory before the price leaves the range; this would indicate the predominant behavior of the price. For now, the situation is neutral.
On the 4-hour chart, the price is converging in a wedge pattern with the Marlin oscillator decreasing. Here, we see a predominant potential for decline, provided that the wedge does not transform into a horizontal trend in continuation of the consolidation. So, there's a 55% chance of a decline at the moment.
*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.
