Forecast for USD/JPY on Mar 26, 2020



As a result of yesterday, the USD/JPY pair fell by only 14 points, but the drop has now reached 65 points in the Asian session. The target level of 111.98 has not been fulfilled, but this is not a prerequisite for market reversals. The signal line of the Marlin oscillator has intensified a downward reversal.

The first obstacle in pulling down the price is the MACD line on the daily chart, at 109.24. Overcoming support opens the target range of 107.02/85 along adjacent lines of the price channel. Consolidation under the bottom line (107.02) opens the way for another four figures to decline, to support the embedded price channel line in the 102.70 area.


The price remains above the indicator lines on the four-hour chart, which will keep the price from a sharp decline in the next day. The signal line of the Marlin oscillator has consolidated in the zone of negative values, this indicates the intention of the trend to continue to move down and further.

The material has been provided by InstaForex Company –

Source:: Forecast for USD/JPY on March 26, 2020

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply