Forecast for USD/JPY on October 10, 2019

USD/JPY

The dollar against the yen found strong support in the form of a balance line on the daily chart. Yesterday, thanks to it, the price went above the technical resistance of the line of the growing price channel (green), now the doors of the nearest targets are opened before the price: 108.12 and 108.95. The Marlin indicator on daily in the growth zone.

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On a four-hour chart, the price has consolidated above the indicator lines of balance and MACD, the Marlin oscillator in the growth zone. We look forward to continued price increases.

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