Forex Analysis & Reviews: Forecast for USD/JPY on February 15, 2022

On Monday, under the influence of external markets, the USD/JPY traded in a large range of 74 points, closing the day was a white candle, but the price could not effectively overcome the resistance of the MACD line. In today's Asian session, the body of yesterday's candle is already covered by a black candle. The Marlin Oscillator resumes its attack on the border with the territory of the downward trend, the divergence persists. The target of the medium-term movement is the line of the price channel of the monthly chart in the area of 113.33.

On the four-hour chart, after yesterday's short-term exit of the price above the MACD line, the price has already settled below it. The Marlin Oscillator turned down without leaving the territory of the downward trend. Looking forward to further price cuts.

Analysis are provided by InstaForex