27.01.202205:57 Forex Analysis & Reviews: Forecast for USD/JPY on January 27, 2022

Against yesterday's backdrop of the dollar index's growth by 0.51% and the fall of the S&P 500 stock index by 0.15%, the dollar's growth against the yen by 0.71% looks excessive (the euro fell by 0.50%). Yen trading volumes, though high, were lower than in the last two days. And on the daily scale chart, the signal line of the Marlin Oscillator has outlined a downward reversal from the zero line. This is an early sign of the completion of the upward correction from the entire fall from January 5 to 24, that is, the correction was about 50%, which is quite enough to complete it.

Exchange Rates 27.01.2022 analysis

Of course, the correction has the opportunity to continue to the Fibonacci level of 61.8%, to which the MACD line (115.26) is also approaching, but the probability of such a correction developing is less than 50%. To make sure that the correction is completed, it is necessary to wait for the price to consolidate below the 38.2% Fibonacci level. Then there will be a further decline to the target of 113.30 - to the embedded line of the green price channel.

Exchange Rates 27.01.2022 analysis

The price is still in an upward trend with little or no signs of a reversal on a four-hour scale. Apparently, the price, if it goes down, is not as fast as it grew.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Laurie Bailey,
Experto analítico de InstaForex
© 2007-2022
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
  • Ferrari de InstaForex
    Recargue su cuenta con al menos $1000
    únase al concurso y gane un Ferrari
    F8 Tributo
  • Depósito al azar
    Deposite su cuenta con $3000 y gane $1000
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.