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18.01.202205:49 Forex Analysis & Reviews: Forecast for USD/JPY on January 18, 2022

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The USD/JPY pair rose by 41 points on Monday. This morning, the signal line of the Marlin Oscillator on a daily scale shows the intention to turn down from the border with the territory of the upward trend. There is a risk that the original intention (from January 14) to turn into a new wave of growth can be changed to a downward scenario with the 113.26 as the target - to the embedded line of the price channel of the monthly timeframe. An exit above 115.10 will confirm the growth scenario.

The Marlin Oscillator is staying in the positive area on the four-hour timeframe, which keeps the rising price movement in force for now. We are waiting for the main events in the area of level 115.10, where the MACD lines are located on the daily and four-hour scales.

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