FX.co ★ Forecast for USD/JPY on October 28, 2020

USD/JPY

The USD/JPY pair received a powerful impetus on Tuesday from previously reversing from the price channel line, the movement was 37 points. Now we are waiting for the pair at the target level of 103.75. Price indicators and the Marlin oscillator of the daily timeframe indicate that it would continue to fall.

The four-hour chart shows that Marlin is in the negative zone, the price settled below the signal level of 104.56. We are waiting for the price to fall to 103.75.