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A situation of free wandering above the 151.30 support level is forming, suggesting the possibility of a prolonged, complex correction or consolidation. This uncertainty will be resolved if the price secures below 151.30, opening the way toward the 149.38 target support. Today is a public holiday in Japan.
On the four-hour chart, the Marlin oscillator is beginning to turn downward from the zero line. If this reversal proves effective, we may soon see the price consolidate below 151.30. However, there is still potential for the price to continue rising toward the MACD line in the 152.90 level, which coincides with the February 6 high.
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