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USD/JPY After the price bounced from the resistance of the daily MACD line on Monday, it ended up below the balance indicator line.
At the same time, the Marlin oscillator began to turn upward as it approached the boundary with the declining trend zone. If the price breaks above yesterday's high, it will automatically move above the balance line. The target will then open at the MACD line at 148.68. Breaking this resistance will open the next target at 149.38.
On the four-hour chart, the situation has not even shifted to a bearish one — the price remained above the indicator lines, and the Marlin oscillator did not settle in the bearish zone. If the price does not consolidate below the MACD line, under the 147.43 level, the current upward reversal will continue to develop. We are waiting for yesterday's high of 147.93 to be broken.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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