empty
 
 
04.03.2020 05:58 AM
Forecast for USD/JPY on March 4, 2020

USD/JPY

The US stock market lost 2.81% (S&P 500) on Tuesday. As a result, the yen strengthened against the dollar by 118 points on investors' desire to get out of risk, that is, according to the USD/JPY chart, there was a decrease. The price has stopped at the Fibonacci level of 223.6%, currently it is trying to overcome the red trend line of the price channel. It may be possible to do this to the price, but there is very strong resistance ahead of the two intersecting lines of the ascending and descending price channels in the region of 107.98. The price can turn down from this level again. Price taking under today's low opens the target range of 105.92-106.13, determined by Fibonacci levels of 271.0% and 261.8%.

This image is no longer relevant

A convergence with price has formed on the four-hour chart on the Marlin oscillator. With a greater degree of probability, the price will choose a correction option. The 107.98 target level can be overcome, above it is the second target 108.45 in Fibonacci level on the daily chart 161.8%.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 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
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback