USD/JPY
After the Brexit topic receded into the shadows, markets with increased activity began to respond to the course of trade negotiations between the US and China. American representatives had information regarding the likely signing of the first part of the treaty in November. As a result, the S&P 500 grew by 0.37%, the Nikkei 225 is adding 1.43% to the Asian session today, and the USD/JPY currency pair has been growing by 60 points since the opening of the week. The price again met with the resistance of the embedded line of the price channel, above which it needs to gain a foothold in order to continue further growth to the nearest target of 109.80 - to the resistance of the green price channel. The signal line of the Marlin oscillator returns to the growth zone, but there is a risk of a reversal of this line from the boundary with the growth territory downwards.
On the four-hour chart, the MACD line specifies the moment the price moves to further growth - 108.85 mark - consolidating above it opens the target of 109.80. Otherwise, the price will collapse to the embedded line of the price channel on a daily at 107.90. The second declining target may be the line of the green channel at the point of coincidence with the MACD line at 107.43.
