Forecast for USD/JPY on August 6, 2021

USD/JPY

Yesterday's optimism in the stock markets helped the USD/JPY pair to enter the top three world currencies with a growth of 0.26%. Today's US employment data for stock indices is less sensitive than for currencies, so the indices may continue to rise even in the case of "not strong enough" data.

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The Marlin oscillator on the daily scale chart is trying to get out of negative territory, which it really needs to do to help the price during the impending attack at 110.40 - on the MACD line. Until this exit of Marlin into the growth zone, the price can still settle above the taken level of 109.80.

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On a four-hour chart, the price has settled above the indicator lines, the Marlin Oscillator is growing in the zone of positive values. The probability of price growth is 70%.

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

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