Forecast for USD / JPY on March 21, 2019

USD / JPY

On Wednesday, the USD / JPY pair, under the general weakening of the US currency after the "soft" meeting of the Fed, lost 74 points. There was a technical price reversal from the MACD line on a four-hour chart, after which the price went under the red line of the daily scale price channel. The price, therefore, chose the lowering scenario, it moves to the range of support clusters 109.85-110.20, the support data is the lines of price channels and MACD indicator line on the daily chart.

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

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