Forecast for USD/JPY on July 15, 2021


The USD/JPY pair fell by 66 points at the mixed close of US stock indices yesterday, turning from the point of intersection of the center line of the price channel with the MACD indicator line.


At the moment, the price is gathering strength before leaving the price channel to go downward, as it previously overcame the target level of 109.80. The target is the 109.20 level - the low of June 7. The Marlin oscillator is in a downward position, the price has settled below the balance indicator line, we are waiting for the development of a downward movement.


The price collapsed after a false exit above the MACD line on the four-hour chart, after which it settled below the balance line. Marlin infiltrated the bearish area. We are waiting for the price to settle under 109.80 and the Japanese yen to strengthen further.

The material has been provided by InstaForex Company -