USD/JPY
As we expected in the last review, the USD/JPY pair slightly expanded the accumulation range to the level of 108.10 along the upper border. On the daily chart, the signal line of the Marlin oscillator turned down from the border with the growth territory, which empirically caused the price to turn down.
At the same time, the actual line of the oscillator formed a wedge, which creates a condition for the indicator to break down. With the highest probability, the price will work out support on the nearest line at 106.88, overcoming which eventually opens the goal of 102.50.
The price turned down from the MACD line on the H4 price scale, Marlin is trying to return to the declining trend zone.
It is possible to open a short trading position from current levels, however, with a reduced lot. Stop loss over yesterday's high.
