USD/JPY
The Japanese yen continued to strengthen against the US dollar yesterday, the price tried to settle below the MACD line and the price channel line at the level of 110.52.
This morning, the price is trying to break away from this level, to move towards the first target of 109.80. The Marlin oscillator, after a double divergence formed, aims for the area below the border with the territory of the downward trend.
The price has settled below the balance and MACD indicator lines on the four-hour chart. The Marlin oscillator is in a horizontal trend below the border of the growth area. It has the potential to move down. We are waiting for the price to reach the target level of 109.80, it was set by the May 13 high.
