FX.co ★ Forecast for USD/JPY on March 26, 2021

USD/JPY

The Marlin Oscillator exited the 10-day consolidation period on the H4 chart. Therefore, there is now a clear potential to rise. At the moment, the price has reached the MACD line. Once it consolidates above it, it can move higher to the target level of 110.37. But before that, a small downward pullback is likely, since the Marlin is still quite high, which is almost located at the overbought zone in the short-term trend.

As for the daily chart, the Marlin Oscillator is making an upward turn. The price adheres to the embedded line of the price channel, namely to the 110.37 area.