USD/JPY
Yesterday, the USD/JPY pair sharply fell while approaching the embedded line of the global price upward channel. The price found support at the nearest level of 145.90. This morning, the exchange rate was rising from that level. However, the technical divergence between the price and the Marlin oscillator is holding back this growth on the daily chart.
The situation is complex and ambiguous. Yesterday demonstrated how ambiguous the market is. Falling below 145.90 will set the target at 144.73. Until then, the situation might be bullish, so the pair is still aiming for 147.63. Overcoming resistance will allow the price to rise to 148.50.
Looking at the four-hour chart in detail, the price is currently below the MACD indicator line (146.27). The Marlin oscillator is returning to growth territory, so there's a high probability of overcoming the MACD line. In order for the price to rise further, it should consolidate above 146.27. The bearish sentiment will come into play once the price settles below 145.90, then Marlin will settle below the zero line.