On Tuesday, the yen closed the day at the level of its opening. This keeps the intrigue – will the price settle above the target level of 125.85 and continue to grow, or will it go under 125.08 and move into a medium-term decline to the target range of 119.57-120.00? The price divergence with the Marlin Oscillator on the daily chart is not violated, this circumstance gives the reversal scenario the status of the main one.
On the four-hour chart, the Marlin Oscillator intends to settle in the bears' zone, although the price itself is growing quickly and does not allow the oscillator to go ahead. The breakdown of the growing trend here is seen in two stages: first, the price should settle below the price channel line, below 125.08, and the level almost coincides with the peak on March 28, then the price should overcome the support of the MACD line, around the 124.58 mark.
