In the weekly timeframe, the current candle opened below the MACD line, and by Friday evening, it is highly likely that it will close and consolidate below this line.
The target at 141.60, indicated by the green price channel line, is now open. On the daily timeframe, the price has forcefully broken through the 151.30 support level this morning, and the Marlin oscillator has exited its channel downward.
The next immediate target is 149.38, which corresponds to the peak from August 15. A consolidation below this level would expose the next target at 146.09. On the four-hour timeframe, the price is falling below both indicator lines.
The Marlin oscillator is deepening into the bearish zone. Overall, across all timeframes, the USD/JPY pair remains in a fully bearish setup.
