empty
 
 
05.04.2019 06:25 AM
Forecast for USD/JPY on April 5, 2019

USD/JPY

With great work, the yen managed to solve last week's main technical problem - to overcome the resistance of the balance line of the daily scale (red indicator) in order to be able to increase to a target of 112.84 without fear of a sharp collapse. This morning the price has become open; on the daily chart, the price is above all indicator lines, on H4, the signal line of the marlin oscillator turns up from the border with bearish territory. After overcoming 112.84, the next target of 113.35 is opened - the resistance of the embedded line of the rising price channel (green).

This image is no longer relevant

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
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
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April 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
  • 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback