Forecast for USD / JPY pair on April 3, 2019

USD / JPY pair

Yesterday, the Japanese yen was somewhat delayed by the resistance of the balance line of the daily chart. For today, it will have to go above this line in order to overcome the pressure of both this line and the marlin oscillator on the daily and four-hour charts in the Asian session. There is a risk of a reversal of the signal line of the oscillator from the border with the area of growth on the daily chart. However, there is a risk of the line to move directed to the zone of decline on the 4-hour chart. In the current situation, we assume an advantage for the growth scenario. We are waiting for the price at the resistance of the embedded line of the price channel at 112.88.

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

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