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USD / JPY pair
The local historical level of 107.87 (at least June 3-4) turned out to be strong support for the price and the price could not overcome it in the last four sessions. Marlin oscillator signal line starts to turn upward on the daily chart. Overcoming the balance line, which coincides with the top of yesterday, will allow the price to grow more confidently to the MACD line at 108.92, which also coincides with the nested line of the price channel.
On the four-hour chart, a convergence formed with the Marlin oscillator. Halfway to the first target level, the price is waiting for the resistance of the MACD line at 108.40, where some growth is possible.
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