empty
 
 
17.03.2021 05:37 AM
Forecast for USD/JPY on March 17, 2021

USD/JPY

The USD/JPY pair stopped rising yesterday due to the foreign markets' indecisiveness ahead of today's Federal Reserve meeting. Even stock indices closed in different directions: Dow Jones -0.39%, Nasdaq 0.09%. Today we expect the dollar to revive and the pair to rise to the previously defined target of 110.35. The only roughness in this regard is a slight price divergence with the Marlin oscillator. This may have an effect in the event of other unexpected political or economic events, but if the markets rise, the divergence translates into a short-term pullback, which we see, with an upward reversal.

This image is no longer relevant

The divergence does not appear on the four-hour chart, while Marlin left the negative trend zone and is ready to grow further. The price is supported by the balance and MACD indicator lines.

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
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 $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

Recommended Stories

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