The USD/JPY pair was marked yesterday at the level of the first target (131.12) along the line of the price channel. As before, the Marlin Oscillator is stubbornly moving down, and if its signal line goes under the lower border of its own channel, then the price may no longer withstand such pressure and fall (target at 126.95). But until this happens, the dollar is trying to get above 131.12 for the second time and develop an attack to the next embedded channel line at 132.40.
On a four-hour scale, the price is in a hurry to return above the MACD indicator line, Marlin also intends to return to the zone of a growing trend. Whether they succeed or not will be known in a few hours.
