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FX.co ★ Forecast for USD/JPY on January 25, 2022

Forecast for USD/JPY on January 25, 2022

The USD/JPY pair grew by 25 points yesterday, but, despite this, the price has not left the downward trend, staying below the balance indicator line on the daily scale chart. The bears are aiming for 113.25 - support for the embedded line of the price channel of the monthly timeframe. The Marlin Oscillator continues to advance deep into the bears' area.

Forecast for USD/JPY on January 25, 2022

On the four-hour chart, the price did not reach the resistance of the MACD line, it was stopped by the balance line. Also, the Marlin Oscillator has not reached the border with the upward trend territory. At the moment, all signs point to the continued decline of the currency pair.

Forecast for USD/JPY on January 25, 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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