Forecast for USD/JPY on March 6, 2024

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06.03.2024 04:48 AM




USD/JPYYesterday, the USD/JPY pair stayed within the range of 149.72-150.79. The price has not yet decided whether it will break below the lower boundary of the range because there might be a chain reaction in which it breaches target support levels amid growing pressure from the Marlin oscillator, which is already working on a decline in the bearish territory.The main sign of a medium-term decline is when the price breaks through the MACD line (147.65). The situation on the 4-hour




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