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FX.co ★ Forecast for USD/JPY on February 23, 2022

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Forex Analysis:::2022-02-23T03:36:05

Forecast for USD/JPY on February 23, 2022

So, after a drop of one and a half figures opened in front of the USD/JPY pair (to the first target of 113.33), it almost panicked and went back to its original positions on Monday, although it could not qualitatively get above the target level of 115.07. The Marlin Oscillator remains in the negative zone, stock indexes continue to fall, the 113.33 target remains relevant.

Forecast for USD/JPY on February 23, 2022

The price growth was stopped by the balance line indicator on the four-hour scale, which only indicates the corrective nature of yesterday's growth (despite the price going above the balance line on the daily). The Marlin Oscillator has managed to move into the positive area, but it may turn out to be short-term.

Forecast for USD/JPY on February 23, 2022

Analyst InstaForex
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