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FX.co ★ Forecast for USD/JPY on June 23, 2022

Forecast for USD/JPY on June 23, 2022

The yen has not reached the target on the embedded line of the price channel in the area of 137.30. at the moment it is pushing through the support at 135.55. On the technical side, this is a corrective decline, since the indicators do not show the actual reversal - reversal patterns.

Forecast for USD/JPY on June 23, 2022

The nearest correction target is 133.77. Below this level is the MACD line, which the price may meet at around 132.00. But if the price settles below the MACD line, then this will already become a reversal sign.

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Forecast for USD/JPY on June 23, 2022

On the H4 chart, the price breaks through the support of 135.55 from acceleration, the Marlin Oscillator crosses the zero line - the border with the territory of the downward trend. The nearest target at 133.77 is open.

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