Forecast for USD/JPY on September 7, 2021

USD/JPY

Yesterday, the Japanese yen traded in a range of 25 points, the MACD line once again became the upper limiter. The price is going down in today's Asian session. The Marlin oscillator is staying in the positive zone, and if the day is closed with a black candle, then tomorrow it will already be in the territory of negative values, which will lead to an impulsive decline in the pair. The nearest target is 109.20 - the low on June 8.

On the four-hour chart, yesterday, the price was struggling with the balance and MACD lines for a short time, technical resistance turned out to be stronger, now the price is decreasing. The Marlin oscillator remained in the bears' territory, the pair is still under pressure.

The material has been provided by InstaForex Company - www.instaforex.com

from RobotFX