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18.08.202106:10 Forex Analysis & Reviews: Forecast for USD/JPY on August 18, 2021

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USD/JPY

Yesterday's strengthening of the dollar index by 0.57% helped the USD/JPY pair from sharply falling to the area of 108.35, the pair grew by 36 points.

The Marlin Oscillator is moving up, ahead of the price target level 109.80, breaking which will bring Marlin into positive territory. The difficulty of growth is that the price is in a net downward position - below the indicator lines. The dollar's first task is to settle above 109.80.

Even on the four-hour chart, Marlin remains in the negative zone and the price is below the indicator lines. Here Marlin can cross the border of the positive territory by overcoming yesterday's high at 109.67, then the price is waiting for the target level of 109.80 and the MACD line at 110.00. All this indicates that the difficulties with the growth of the pair will continue.

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