Forecast for USD/JPY – April 8, 2025
USD/JPY
After reaching the target range of 145.08/91, the price corrected with increased volatility down to the balance line on the daily timeframe and began the current day with a decline.
At the same time, the signal line of the Marlin oscillator turned downward from the zero line. These signs suggest the price intends to attempt a break below the price range once more and eventually reach the target support at 143.45 (the low from August 26, 2024).
On the four-hour chart, the price reached the balance line and turned downward. The Marlin oscillator is hurrying back into negative territory. The descending MACD line is applying additional—albeit weak—pressure. We expect the price to return to the 145.08/91 target range.
The material has been provided by - RobotFX
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