FX.co ★ Forecast for USD/JPY on October 14, 2022

The quote of the USD/JPY pair reached the target level of 147.35 (the price peaked at 147.67), but a distinct divergence with the Marlin Oscillator on the daily chart did not have time to form.

This suggests that the price may continue to rise, and the next target at 150.00 is the next price channel line of the monthly timeframe.

On the four-hour chart, the price showed the greatest volatility directly at the level of 147.35. Marlin is declining, but in the form of a corrective structure from growth since October 5th. There is a potential for price growth and indicators. We are waiting for further advancement of the USD/JPY pair towards the target of 150.00.