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

USD/JPY

The yen continues its sideways trend in a narrow range. Yesterday it tried to rise above the daily balance line. US stock indices slightly fell on Tuesday, but while the political field is relatively calm, the growth of the stock market may recover. Growth is already being observed on Asian markets. The USD/JPY pair is likely to rise to the upper border of the 108.35-109.37 range and increased to 55%.

The Marlin oscillator is more inclined to continue to rise on the four-hour scale than on a daily one. Perhaps today the oscillator will move into positive territory. When the price exits above 109.37, a trend growth will develop with the first target at 110.50 - to the point where the lines of the two price channels coincide on the daily chart.