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30.04.202105:58 Forex Analysis & Reviews: Forecasts for USD/JPY on April 30, 2021

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USD/JPY

Despite the complexity of the situation in which the Japanese yen finds itself in, it is making every effort to restore strategic weakness, which helps the Japanese economy with exports and the central bank in raising inflation. Yesterday the price went over the resistance of the MACD indicator line and barely reached the target level of 109.26.

It is still difficult for the price to rise without support from the Marlin oscillator, which is still staying in the zone of negative values. But today it is much easier for the price than yesterday. Its task, before the holiday on Monday in Japan and the UK, is to stay above the 108.65 level, it is better to end above the MACD line, or even better to finish the day with a white candle.

The price has not formed a strong divergence with the oscillator on the four-hour chart. This circumstance makes growth difficult, so the market can do the following - reform the divergence into a triangle or another sideways formation.

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