FX.co ★ Forecast for USD/JPY on April 26, 2022

The yen is struggling to resist external pressure to correct, but as the pressure continues for the sixth session, the price may give way to it, and then it will be easier to resume growth with renewed vigor. The price divergence with the oscillator on the daily chart is intensifying, we are waiting for the price on the nearest embedded price channel line around 125.11, which coincides with the March 28 high.

On the 4-hour chart, the price has almost consolidated below the MACD indicator line, the signal level at 127.46 (April 20 low) was pierced by the lower shadows, the Marlin Oscillator is moving deeper into negative territory. All conditions for the development of the attack to the first goal at 125.11 have been created.