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05.03.201908:51 Forex Analysis & Reviews: Forecast for USD/JPY on March 5, 2019

Long-term review

USD/JPY

On Monday, the quote of the USD/JPY pair slightly subsided after a previous three-day growth, but this morning it continues to grow against the background of the overall strengthening of the dollar. The price is consistently above all indicator lines of daily and four-hour scales, the Marlin oscillator of both timeframes indicates the growth of the trend. A target of 113.15 continues to be the point of intersection of the upward price channel (green, from June 2016) and the downward (red, from August 2015).

Exchange Rates 05.03.2019 analysis

Exchange Rates 05.03.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2022
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