USD/JPY
The yen firmly and unexpectedly strengthened on Monday without looking at the growing stock market (the S&P 500 up 1.20%). The price found support on the daily balance indicator line, currently declining simultaneously with it. Overcoming the support price of the MACD line (107.10) will reverse the downward trend with the goal of 102.10, but this fall is still within the correction framework.
The signal line of the Marlin oscillator is staying in the growth zone. The price will return to positive dynamics after overcoming today's high, that is, visually the current daily candle should turn white.
The price is below the MACD indicator line (blue moving) on the four-hour chart, the Marlin oscillator indicates a predominant decrease in price in the coming hours. Price taking over the MACD line will correspond to overcoming today's high in the Asian session. But this will only be the beginning of the restoration of growth, this situation will not be a direct signal to open a purchase. To do this, the price needs to end the day with a gain, this means that there is no trading on Tuesday for the currency pair in question.
