FX.co ★ Forecasts for USD/JPY on April 21, 2021

USD/JPY

As a result of yesterday, the yen settled below the MACD indicator line on the daily chart. The price's intention to reach the target range of 107.35/55 has intensified.

A double convergence may form on the four-hour chart, which implies that the price may continue to fall by 40-50 points. In this case, the signal line of the Marlin Oscillator will work out the support of the converging line, and the price will reach the target range. The price is likely to face a medium-term growth from this range.