USD / JPY pair
The Japanese yen is struggling to keep above the line of the price channel on the daily chart, which holds for the fourth day. If the price does not hold, it is possible that a long-term decline to the January 10 minimum level of 107.78.
The Marlin oscillator readings on the daily and four-hour charts are prone to the development of a rising scenario. The signal lines of the indicators have to make the last effort and go into the growth zone. Actually, the price needs to go over the MACD line at 109.65 on the four-hour chart, after which, the target of 110.26 opens. The area where two lines of price channels intersected on the daily chart are shown in red (ascending) and green (descending).
