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Forecast for USD/JPY on October 15, 2021

USD/JPY

Yesterday, the growth of the USD/JPY pair covered the decline on Wednesday, and in today's Asian session, it has already approached the target level of 114.22. The daily scale Marlin Oscillator has stopped growing, so when the target level is reached, the price may go downward into a correction. Perhaps even in a mid-term reversal.

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On the four-hour chart, the probability of our expected price divergence with the oscillator increases. The main scenario for further price development is its reversal from the 114.22 target level into a deep correction.

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