FX.co ★ Forecast for USD/JPY on September 20, 2019

USD/JPY

Over the past two weeks, the dollar has spent a lot of effort to grow against the yen in difficult technical and fundamental conditions. Yesterday, the price could not gain a foothold over the red line of the price channel (on the daily) and fell back down by more than 40 points. The Marlin Oscillator is also turning down, now the price is supported by the green upward price channel line (107.22).

As seen on the four-hour chart, the price was fixed under the balance and MACD lines, the Marlin oscillator is in a downward position. Continued growth is possible, but now after the correction.