FX.co ★ Forecast for USD/JPY on March 15, 2019

The Bank of Japan will hold a meeting on monetary policy today. The central bank expressed some concern about the development of the national and world economy. The yen made amplitude movements of 20 points, receiving support on the balance line of the four-hour scale and resistance at the Fibonacci level of 161.8% (H4). Now, to continue the growth, the price needs to consolidate above the high of the day (111.91). The closest resistance to growth could be a high of March 5 at a price of 112.16, one hundred coincides with a Fibonacci level of 200.0%. But it seems that an attempt to overcome it should be successful, since the signal levels of the Marlin oscillator for daily and H4 have a good growth potential. The main goal of 113.10 is preserved.