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

USD / JPY pair

On Tuesday, the USD/JPY pair rose by 34 points and consolidates above the balance line on the daily scale chart. Marlin oscillator signal line strengthened in the zone of increasing trend. The immediate goal of the dollar growth is on the area of the MACD line and the price channel line of 108.70. Overcoming it opens the way to the next line of the price channel in the region of 100.68.

On the four-hour chart, the price is consolidating on the MACD line. The Marlin oscillator is in the growth area. Exiting the maximum price yesterday at 108.30 will signal further growth.