FX.co ★ Forecast for USD/JPY on March 28, 2022

The USD/JPY pair continues its unstoppable growth. It surpassed the 122.45 target level in today's Asian session. A little later, when the price settles above this resistance on the lower timeframe, the path to the upper line of the price channel around 125.00 will open. Above it is the target level of 125.85 – the high of June 2015. If the price does not settle above 122.45, the price may return to the 119.50/95 range.

The price breaks above the resistance of 122.45 on the H4 chart. The Marlin Oscillator turned up without leaving the area of the growing trend, which indicates its decline not as a reversal signal, but about a discharge before further growth.