USD / JPY
On Friday, the pair USD / JPY stayed in a converging wedge formed by the lines of rising and falling price channels on the daily chart. During the other day, and this morning, the price is held by the resistance line of the downward channel in the region of 106.48. Moreover, the consolidation of the price over yesterday's maximum opens the way to the resistance of the MACD line of the daily scale, in the region of 107.28.
On the four-hour chart, the price is developing above the balance lines (indicator red) and the MACD (indicator blue). The signal line of the Marlin oscillator hovers above the boundary of the decline territory - On August 8-12, a similar pattern was observed recently. After which, there was a price jump up. Thus, we are waiting for the price to increase to the first target 107.28.
