Forecast for USD / JPY pair on March 25, 2019

USD / JPY pair

On Friday, the USD/JPY quote fell by 93 points, stopping on the accumulation of graphic lines on the daily chart. Despite the fact that the price is now below the MACD line of daily scale, the current supports are strong enough, which can push the price back over this line. Then, a technically false price output breakthrough at the support will be formed under the MACD line. Day fixation of prices under it has not yet happened but formally, the price is in the zone of uncertainty at 109.70-110.30. If we expect the price to exit above the upper limit of this range and considered as the main scenario with further growth to the price channel line of 110.90. Fixing below the lower limit may cause the price to fall to the downward support for the price channel of 107.77.

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

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