Forecast for USD/JPY on October 14, 2019

news_22_feb_1_usd_jpy-Last Friday, the dollar growth exceeded the peaks of October 1 and September 18, also breaking the resistance of the red line of the price channel. The Marlin oscillator is in the growth zone, the immediate target of the pair is now the resistance of the upper line at 108.97.

Overcoming the first goal opens the second at a price of 109.70 – the line of the growing green price channel.

Exchange Rates 14.10.2019 analysis

On the four-hour chart, the leading indicator Marlin took on a leading role – it follows the price, which is a sign of the continuation of the current trend. That is the growth of the pair.

Exchange Rates 14.10.2019 analysis

Origin: InstaForex

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