Forecast for USD/JPY on June 19, 2020

USD/JPY

The movement of the USD/JPY pair turned out to be weak on Thursday - it ended the day with a loss of five points. But the price has been recorded under the MACD indicator line, which shows us the direction of the trend and the future movement of the asset, depending on where its quote is located - above or below this line. The Marlin oscillator is going down in the negative area. The purpose of the decline of 105.90 is the embedded line of the price channel of the higher timeframe. Furthermore, movement to the second target 105.40 is possible.

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The price develops directly on the balance indicator line on the four-hour chart, which indicates the neutrality of the last day. The signal line of the Marlin oscillator moves along the border of two trends - rising and falling. Taking into account the pressure of the higher timeframe, we are waiting for the neutral situation to shift downward and for the price to reach the designated goal.

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