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FX.co ★ Forecast for USD/JPY on January 19, 2022

Forecast for USD/JPY on January 19, 2022

Yesterday's first attempt to go above the MACD indicator line ended only by touching this line. But this morning, preparations are being made for the second such attempt. The Marlin Oscillator has already crossed the border with the growth territory and is supporting prices in this direction. If the price breaks above the MACD line, above 115.12, it will open the way to the target at 117.10 - to the embedded line of the price channel of the monthly timeframe.

Forecast for USD/JPY on January 19, 2022

On the four-hour chart, the price has moved above the balance indicator line (red line), the Marlin Oscillator is growing in the positive area. It is likely that the second attack on the daily MACD line, which coincides in price level and on the H4 scale, may occur today.

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Forecast for USD/JPY on January 19, 2022

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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