Market Technical Analysis by RoboForex

[Vlad RF]

USDJPY declines amid expectations of tighter BoJ policy

The USDJPY pair is falling more sharply as the yen strengthens and technical indicators continue to give bearish signals. The rate currently stands at 157.19.

Technical outlook

The USDJPY rate is declining sharply, although buyers found support at the lower boundary of the descending channel. Today's USDJPY forecast anticipates a further decline towards a potential target at 156.25.

The USDJPY forecast for 22 October 2026 indicates that bearish momentum is likely to persist.

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Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[Vlad RF]

XAUUSD falls to its lowest levels since June this year

Gold has broken out of its sideways range and resumed its decline in line with the broader trend. Prices currently stand at 4,022 USD.

Technical outlook

On the D1 chart, XAUUSD prices broke below the 4,065 support level, while resistance formed at 4,145. A new support level has not yet formed. On the H4 chart, local support is located at 3,985, with resistance at 4,035.

The combination of fundamental and technical factors indicates a continued elevated likelihood of further declines in XAUUSD quotes.

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Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team