The yen managed to find reserves in itself to pass another range of embedded price channel lines of the monthly timeframe. This morning, it almost reached the upper border of the price channel at 129.80 (the price showed a high of 129.41), after which there was a quick rollback to the downside. This rollback made it possible to form a technical divergence of the price with the oscillator, which had been in preparation for a week and could not form. The divergence needs to consolidate, and for this, today's daily candle must be black. We are waiting for a corrective decline to the price channel line at 125.11, and this level corresponds to the high on March 28.
Only the first sign of the price's intention to turn into a correction is visible on the H4 chart - a sharp reversal of the signal line of the Marlin Oscillator. Here, as well as on the daily timeframe, the best tactic would be to wait for any consolidating signs of a reversal that has begun.
