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The USD/JPY pair did not surprise investors and steadily stepped onto the road to the target range of 115.80-116.15. Yesterday, the pair grew by 50 points, the price was able to break away from the balance and MACD indicator lines. The Marlin Oscillator is moving up in the positive area.
An alternative scenario prescribes the price to settle below the MACD line, below the level of 114.24, after which a decline will follow to 113.25 - to the embedded line of the green price channel.
The price is in an upward position on the four-hour scale chart, rising above the balance and MACD lines, the Marlin Oscillator discharges from the overbought zone, after which it will resume growth following the price. The critical level of 114.24 of the daily scale (MACD line) on H4 also coincides with the MACD line in the future, aspiring to hit this level. That is, the support is strong, it is easier for the price to move away from it. But if the opposite happens, then the bearish levels are always ready to meet the price.
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