FX.co ★ Forecast for USD/JPY on October 28, 2019

USD/JPY

The situation for the yen has not changed over the past Friday, as quotes were in a narrow range of the previous day. This morning, the price came even closer to the resistance of the price channel (108.86), overcoming which, raises the chances that the dollar will reach 109.70, even without looking at the divergence on the Marlin oscillator that has not yet been broken.

On a four-hour chart, the price went above the blue indicator line of MACD, the signal line of the Marlin oscillator consolidated in the positive trend zone. We are waiting for the dollar to rise to 109.76.