empty
26.08.2022 04:50 AM
Forecast for USD/JPY on August 26, 2022

Yesterday the USD/JPY pair fell by 65 points, but did not dare to attack the support of the nearest price channel line. In today's Asian session, the price is trying to grow, and it is not yet clear how serious its intention is to go above the resistance of the upper embedded line of the price channel in the area of 137.80. Resistance is strengthened by the MACD indicator line.

This image is no longer relevant

The price is held within the range of these parallel lines. It could leave this area by today or Monday if Federal Reserve Chairman Jerome Powell's speech at Jackson Hole is fresh, upbeat and stimulating.

This image is no longer relevant

The decline of the Marlin Oscillator has a stable trendy look on the four-hour chart, so the price transition under the price channel line at the level of 136.10 and the MACD line reinforcing it has a good chance of realization. In this case, the 134.40 target will be open - an embedded line of the price channel on the daily chart.

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
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

XAG/USD. Analysis and Forecast

At present, silver is consolidating after reaching its highest level since February 2012, following significant gains in the previous session. It is trading just above the round level of $37.00

Irina Yanina 19:13 2025-06-18 UTC+2

Forex forecast 18/06/2025: EUR/USD, USD/JPY, USDX, GOLD and Bitcoin

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 18:24 2025-06-18 UTC+2

Trading Signals for EUR/USD for June 18-22, 2025: sell below 1.1540 (21 SMA - 7/8 Murray)

Early in the American session, the euro is trading under bearish pressure around 1.1502, below the 21-SMA and within the uptrend channel formed since early May. If the euro price

Dimitrios Zappas 14:16 2025-06-18 UTC+2

Trading Signals for GOLD (XAU/USD) for June 18-22, 2025: sell below $3,404 (21 SMA - 8/8 Murray)

The price of gold has been consolidating below 3,400 and below the 21SMA. After reaching the 8/8 Murray level at 3,437, gold underwent a technical correction

Dimitrios Zappas 13:00 2025-06-18 UTC+2

Forecast for EUR/USD on June 18, 2025

On Tuesday, the EUR/USD pair rebounded from the 100.0% Fibonacci retracement level at 1.1574, reversed in favor of the U.S. dollar, and fell toward the 76.4% Fibonacci level at 1.1454

Samir Klishi 11:57 2025-06-18 UTC+2

Forecast for GBP/USD on June 18, 2025

On the hourly chart, the GBP/USD pair continued its decline on Tuesday after bouncing off the 1.3611–1.3633 resistance zone and reached the support zone at 1.3425–1.3444. A rebound from this

Samir Klishi 11:45 2025-06-18 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday June 18, 2025.

With the appearance of Divergence between the price movement of AUD/JPY with the Stochastic Oscillator indicator on the 4-hour chart and the price position which is still above

Arief Makmur 07:44 2025-06-18 UTC+2

Technical Analysis of Intraday Price Movement Silver Commodity Instrument, Wednesday June 18, 2025.

The Silver Commodity Instrument on the 4-hour chart still appears to be moving within its Bullish bias, which is confirmed by the WMA (21) that has a slope which

Arief Makmur 07:44 2025-06-18 UTC+2

EUR/USD Forecast for June 18, 2025

On the final day before the Federal Reserve meeting, the euro could not withstand the broad market risk-off sentiment and dropped by 80 pips, halting at the MACD line

Laurie Bailey 05:49 2025-06-18 UTC+2

GBP/USD Forecast for June 18, 2025

The British pound failed to withstand the dollar's pressure yesterday amid global risk aversion and plummeted by 148 pips. The decline stopped at strong support at 1.3433 — the high

Laurie Bailey 04:58 2025-06-18 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.