FX.co ★ Forecast for USD / JPY pair on January 24, 2019

For the third day, the Japanese yen is trading on the price channel line of the daily timeframe. But all this time, the price is not going below the balance line of the four-hour timeframe. he price did not consolidate below the signal level of 109.21, but consolidates above it, respectively. We expect continued growth to the previously target of 110.54, which is the nested line in the price channel on the daily scale chart. We also see a continuation of testing the signal line of the Marlin oscillator on the daily reversal chart from the zero line upwards in the direction of growth trend. The signal line of the oscillator on the lower four-hour chart went a little below the zero line, but in this case, the overall technical picture does not change the situation and can return to the growth zone.