USD/JPY
The optimistic potential of the dollar against the yen after an impulsive growth on June 2 was not long enough - for the last two days, the price has returned to the starting point. Now it is more likely that the price will overcome the support of the MACD line on the daily chart (107.10), which will pave the way for a fall to the price channel line towards the area of 102.02. The intermediate target of 105.95. The signal line of the Marlin oscillator entered the zone of negative values, support for the bears appeared.
The price is below the balance and MACD indicator lines on the four-hour chart, Marlin is also in the downward trend zone. We are waiting to consolidate the price at 107.10 in order to confirm the price's intention to decline.
It is possible to restore growth by price taking above the MACD line (108.45). The probability of any of the scenarios is at 50%. At the same time, growth can be short-term, for example with a test of 109.74, after which the price will fall again.
