Forecast for USD/JPY on April 9, 2019

USD/JPY

Yesterday, under the general weakening of the dollar, the pair fell into the range of April 3, losing more than 30 points. The price is supported by the balance line of the daily chart. The daily marlin oscillator is fighting for the possibility of returning to the growth zone.

On H4, the price is between the lines of MACD and the balance; the Marlin oscillator is in a zone of decline but does not show a downward movement (Marlin is a leading indicator). There is still potential for growth. We are waiting for the price on the resistance of the downward price channel in the area of 112.82, in the case of the price transition over it, the resistance of the growing channel is at 113.38.

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

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