Forecast for USD / JPY pair on September 10, 2019

USD / JPY pair

Over the past two days, the USD/JPY pair has accomplished the difficult task of implementing the main scenario of exiting (and almost fixed itself) above the line of the growing price channel (107.14), indicated in green on the daily chart. At the same time, the price is higher than the red indicator line of balance. Oscillator Marlin is growing.

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The purpose of the dollar is the line of the falling price channel around 108.38. As in previous days, the dollar against the yen is growing against the pressure of foreign markets, that is, it demonstrates strength. Yesterday, the US stock indices closed mixed today while only Nikkei 225 (0.16%) and Indonesian IDX Composite (0.08%), China and Australia are in the red zone from ART.

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On a four-hour chart, the price also rises above the indicator lines. The Marlin Oscillator does not form reversal patterns. We are waiting for the price near the specified target of 108.38.

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