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FX.co ★ Forecast for USD/JPY on March 18, 2022

Forecast for USD/JPY on March 18, 2022

Yesterday, the dollar's growth against the yen slightly stopped for a breather after the previous 8-day growth. Stock indices in Europe and the US showed growth yesterday, this morning the Japanese and Chinese indices are also rising. The Marlin Oscillator on the daily chart has slightly bent down, but not critically, along a soft radius, which looks like the oscillator is depleting before further growth. The growth target is the 119.53/93 range - a range of adjacent price channel lines on a monthly scale.

Forecast for USD/JPY on March 18, 2022

On a four-hour scale, the main sign of continued growth is the reversal of Marlin's signal line from its own zero line. The oscillator has completely discharged and is now ready to continue rising.

Forecast for USD/JPY on March 18, 2022

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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