FX.co ★ Forecast for USD/JPY on March 30, 2021

Forecast for USD/JPY on March 30, 2021


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.

Forecast for USD/JPY on March 30, 2021

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.

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Forecast for USD/JPY on March 30, 2021

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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