empty
 
 
01.04.2019 07:00 AM
Forecast for USD / JPY pair on April 1, 2019

USD / JPY pair

As expected, the dollar against the yen managed to get above the resistance of the embedded line of the downward price channel as we can see on the daily scale chart. The balance indicator line still shows elastic resistance, which will not allow a strong upward movement to develop. If growth does not accelerate in the coming days, then a strong rollback may follow to achieve the closest target of 112.88.

On the four-hour chart, the price rises above the balance lines and MACD. The marlin oscillator is also rising.

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 $8000 more!
    In March we raffle $8000 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