Forecast for USD/JPY on December 14, 2020

USD/JPY

The Japanese yen is gradually continuing to strengthen. The dollar weakened by 18 points on Friday. The 103.18 target (Nov 6 low) has become more significant, now the Marlin oscillator is helping the price fall, which has left its own triangle down.

analytics5fd6d1056f9f2.jpg

The four-hour chart shows that the price develops below the balance line (red indicator) and the MACD line (blue indicator). The Marlin oscillator is in the downward trend zone. We are waiting for the price at the first bearish target of 103.18.

analytics5fd6d11258d59.jpg

The material has been provided by InstaForex Company - www.instaforex.com