Forecast for USD/JPY on June 15, 2021


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.


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.


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 -