USD/JPY
The US stock index S&P 500 grew 1.15% on Thursday, due to moderately positive corporate reports. But this is happening against the backdrop of another aggravation of US relations with China, as America accuses the latter of spreading the viral infection.
On the daily chart of the USD/JPY pair, the price touched the strong resistance of the embedded line of the price channel and the MACD indicator line. The Marlin oscillator turned out to be slightly above the border with the growth zone, which so far is accepted as the movement of the signal line of the indicator along the zero line. A change in trend will occur only if the price consolidates above these resistances.
The price went above the indicator lines on the four-hour chart, Marlin is in a slight positive, but all this local growth occurs in the process of struggle of the bulls and bears, therefore it is too early to talk about consolidating any tendencies. If the price consolidates below the MACD line (107.15), the 106.56 target reopens in front of the yen. Consolidating under the level opens the prospect of a medium-term decline to goals: 105.10, 103.96, 102.30.
