empty
 
 
30.03.2021 05:53 AM
Forecast for USD/JPY on March 30, 2021

USD/JPY

The dollar's optimism prevailed, the USD/JPY pair continued to rise to the 110.37 target yesterday and this morning. Getting the price to settle above the level will extend this growth towards the target along the next line of the price channel, to the area around 112.80. But the danger of a reversal based on the emerging divergence with the Marlin oscillator will be present for a long time on the daily chart, even during 8-12 days of continuous growth.

This image is no longer relevant

Yesterday, the price reversed on the way to the MACD line on the four-hour chart, which probably gave such a strong technical impetus to further upward movement.

This image is no longer relevant

The Marlin oscillator shows itself here just as intensely - horizontal movement with the most impulsive growth in the last six candles. Perhaps today the price will form a small consolidation before the final attack on 110.37. But then it will also be an attempt to surpass it.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback