FX.co ★ Forecast for USD/JPY on May 18, 2020

USD/JPY

The yen turned down from the MACD indicator line last Friday, and ended the day with a black candle at 19 points. The signal line of the Marlin oscillator slightly went into the bulls' territory. The initial target, and it is the signal level for a medium-term decline of 106.56, is still open.

The price is kept below the MACD line on the four-hour chart, the Marlin oscillator is falling in the negative zone. We expect the yen to strengthen further against the dollar with previously defined goals: 105.10, 103.95, 102.30.