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04.01.202206:11 Forex Analysis & Reviews: Forecast for USD/JPY on January 4, 2022

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The dollar gained 24 points against the yen on Monday. The signal line of the Marlin Oscillator on the daily chart has slowed down the growth rate and now seems to be slowly forming a reversal. But the price has momentum, the target range 115.80-116.15 can be worked out.

On the four-hour chart, the signal line of the Marlin Oscillator has turned upward from the zero line (the reversal is marked with a red arrow). This is a sign that the price will still be able to grow in the short term even with an impending reversal on a higher timeframe - Marlin is one of the leading indicators.

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