empty
21.11.2024 04:49 AM
Forecast for USD/JPY on November 21, 2024

The pair's sharp rebound from the 153.60 support level, followed by a 230-pip price increase, has not resulted in a reversal toward breaking above 156.79.

This image is no longer relevant

This two-day rally lacked confirmation from the Marlin oscillator, which entered bearish territory after exiting its consolidation range earlier this morning. The price is already approaching yesterday's opening level, targeting 153.60. A breakdown below this level will pave the way toward the next support at 150.83.

This image is no longer relevant

On the H4 chart, the price is sliding back below the balance and MACD lines. Simultaneously, the Marlin oscillator is moving further into bearish territory. The synchronization of these bearish signals increases the likelihood of a sharp decline in the pair.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST

Recommended Stories

EUR/USD – February 19th: FOMC Minutes Could Support Bears

On Tuesday, EUR/USD continued its decline toward the 1.0435 level. A rebound from this level provided some support for the euro, but overall market activity remained subdued at the start

Samir Klishi 17:50 2025-02-19 UTC+2

Forex forecast 19/02/2025:

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:24 2025-02-19 UTC+2

GBP/USD – February 19: UK Inflation Hits Record Highs

On the hourly chart, GBP/USD continued to hover around the resistance zone of 1.2611 – 1.2620 on Tuesday. A rebound from 1.2611 – 1.2642 would favor the U.S. dollar

Samir Klishi 10:00 2025-02-19 UTC+2

AUD/USD: Risk of Decline in the Pair

The Reserve Bank of Australia (RBA), like the Reserve Bank of New Zealand (RBNZ), continues its monetary policy easing to create conditions for stimulating economic growth. For now, the pair

Pati Gani 09:36 2025-02-19 UTC+2

EUR/USD and GBP/USD – February 19 Technical Analysis

At the start of the new trading week, bearish players have paused, leading to a daily corrective decline. The daily Ichimoku cross serves as the nearest reference point for this

Evangelos Poulakis 07:16 2025-02-19 UTC+2

Technical Analysis of Intraday Price Movement of Platinum Commodity Instrument, Wednesday February 19, 2025.

If we look at the 4-hour chart of the Platinum commodity instrument, a Bearish 123 pattern appears followed by several Bearish Ross Hook (RH) where all of this indicates that

Arief Makmur 06:26 2025-02-19 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday February 19, 2025.

With the appearance of Convergence between the price movement of AUD/JPY and the Stochastic Oscillator indicator, it confirms that in the near future AUD/JPY has the potential to strengthen where

Arief Makmur 06:26 2025-02-19 UTC+2

EUR/USD Forecast for February 19, 2025

The euro seems to have given up its attempt to reach the target range of 1.0534 to 1.0575. To confirm this reversal, today's session must close below the 1.0458 level

Laurie Bailey 03:47 2025-02-19 UTC+2

GBP/USD Forecast for February 19, 2025

The UK employment data for December, released yesterday, helped the pound avoid a decline, even though the dollar strengthened by 0.34%. The pound fell by only 0.10%, while the euro

Laurie Bailey 03:45 2025-02-19 UTC+2

AUD/USD Forecast for February 19, 2025

Yesterday, the Reserve Bank of Australia reduced the interest rate from 4.35% to 4.10%, and the Australian dollar held steady. However, today's rate cut by the Reserve Bank

Laurie Bailey 03:45 2025-02-19 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.