Forecast for USD/JPY on June 15, 2021

USD/JPY

The USD/JPY pair continues to rise to the main target of 110.45, in the area where two price channel lines intersect, rising above which gives room for medium-term growth, the closest target of which is 111.39 - the low on October 21, 2018.

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Before reaching 110.45, the price needs to overcome the resistance of the MACD line at 110.25. The previous history from the last week of April shows that in this spring-summer period the price can easily overcome this indicator line. Now you need to do this with the price settling above the price channel lines.

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The price is briskly rising above the balance and MACD lines on the four-hour chart, the Marlin oscillator is growing in the positive zone. We are waiting for the price to continue rising.

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

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