Forecast for USD/JPY on August 25, 2021

USD/JPY

Yesterday, the yen traded in the 46-point range, trading was mainly carried out below the level of 109.80, and the day's closing also took place below it. But this morning the price sharply went up, intending to attack the MACD line at 110.12 once again. Exit above this line opens the way to the embedded price channel line at 110.60. The intention to rise is indicated by the Marlin oscillator, which has penetrated into the zone of positive values.

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The price is on the MACD line on the four-hour scale. The Marlin oscillator turned upward from the zero line. The probability of overcoming the current resistance is 80%.

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

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