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FX.co ★ Forecast for USD/JPY on February 3, 2022

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Forex Analysis:::2022-02-03T03:41:33

Forecast for USD/JPY on February 3, 2022

Yesterday's USD/JPY fall by 26 points resulted in the price settling below the balance indicator line on the daily scale chart. The Marlin Oscillator has settled in the negative area, and now the price has only one way - down to the target of 113.30, formed by the embedded line of the price channel of the monthly timeframe.

Forecast for USD/JPY on February 3, 2022

The price lingered on the MACD indicator line on the four-hour chart. Breaking this line, or rather, yesterday's low of 114.17, will be a signal and a condition for a further fall in the USD/JPY currency pair. The Marlin Oscillator is in the negative area on the H4, in the zone of predominant decline in the price.

Forecast for USD/JPY on February 3, 2022

Analyst InstaForex
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