FX.co ★ Forecast for USD/JPY on April 4, 2022

The USD/JPY pair's rise on Friday was the first sign of a potential formation of a triangle on the daily timeframe. But, as we wrote earlier, several options are visible here, including a divergence with an oscillator with the target levels of 125.00 or 125.85. The option with the fall involves reaching the range of trend lines 119.54/97 in a few days. From a practical point of view, the current situation is not a trading one.

The price has settled under both indicator lines on the four-hour chart. The Marlin Oscillator moves horizontally along the zero line. The probability of the price going down in the next two days is 60%.