Forecast for USD/JPY on March 5, 2019

USD/JPY

On Monday, the quote of the USD/JPY pair slightly subsided after a previous three-day growth, but this morning it continues to grow against the background of the overall strengthening of the dollar. The price is consistently above all indicator lines of daily and four-hour scales, the Marlin oscillator of both timeframes indicates the growth of the trend. A target of 113.15 continues to be the point of intersection of the upward price channel (green, from June 2016) and the downward (red, from August 2015).

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

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