See also
08.04.2025 05:03 AMUSD/JPY
After reaching the target range of 145.08/91, the price corrected with increased volatility down to the balance line on the daily timeframe and began the current day with a decline.
At the same time, the signal line of the Marlin oscillator turned downward from the zero line. These signs suggest the price intends to attempt a break below the price range once more and eventually reach the target support at 143.45 (the low from August 26, 2024).
On the four-hour chart, the price reached the balance line and turned downward. The Marlin oscillator is hurrying back into negative territory. The descending MACD line is applying additional—albeit weak—pressure. We expect the price to return to the 145.08/91 target range.
You have already liked this post today
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
