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.

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The material has been provided by InstaForex Company - www.instaforex.com