Forecast for USD/JPY on December 30, 2020


The Japanese yen continues to move in a free-roaming range indicated by the gray area on the four-hour chart.

But within this area, the price has already surpassed the MACD indicator line, and a little earlier the signal line of the Marlin oscillator went under the lower border of its own channel, moving into the zone of negative values. This is already an open signal to attack the nearest target level of 103.18. Overcoming the support opens the second target at 102.35.

The daily chart shows that the oscillator signal line reversed from the border with the growth area. The trend is completely downward here. We are waiting for the pair to reach the target level of 102.35.

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