FX.co ★ Forecast for USD/JPY on March 19, 2019

USD/JPY

The first day of the week ended at Friday's close, but today in the Asian session, the rally of the USD/JPY pair has strengthened the fall. As a result, the signal lines of the marlin oscillator on the daily and H4 graphs passed into the negative zone. Currently, the price on the H4 is lower than the indicator balance line (red). The immediate goal for a decline is the embedded line of the daily price channel in the area of 110.97. There is also a balance line of this scale at this level. Overcoming support will allow the price to drop even lower, to the MACD line of the daily scale of 110.23. To restore growth, the price needs to rise high enough - above the MACD line on the four-hour chart - above 111.70.