Forecast for USD / JPY pair on June 14, 2019

USD / JPY pair

The main achievement for the USD/JPY pair against the background of almost sideways movement was the closing of the gap of the beginning of the week. On the four-hour chart, the price still cannot consolidate below the MACD line but the Marlin oscillator penetrates deeper into the negative area. We continue to adhere to our version with double convergence on a daily scale, after which we are waiting for the growth of the pair in the medium term but this option is hardly the main one. If the strengthening of the dollar and the growth of the stock market continues, the yen may turn around from current levels. In this case, the first goal will be the embedded line of the price channel at 109.17. or the development of growth, the price needs to fix above the MACD line (H4) and the signal line of the Marlin oscillator in order to return to the growth zone.

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