Forex Analysis & Reviews: Forecast for USD/JPY on December 25, 2020

USD/JPY
USD/JPY gained 13 points within the trading range of the last three days. Today the Japanese trading floors are open, at the moment the pair is quoted at 103.54, that is, it is already 14 points lower than yesterday's close. Japanese investors seem to be preparing for a negative turn of events from the opening of the new week. We keep our previous forecast that the price will move under the 103.18 level and its successive decline to 102.35.

The four-hour chart shows that the signal line of the Marlin oscillator has already reached the top of its own wedge. Exit from the wedge, respectively, we wait downward, the oscillator will soon leave the negative zone and accelerate the fall.

Analysis are provided by InstaForex