FX.co ★ Forecast for USD/JPY on September 25, 2023

USD/JPY:

On Friday, a white candle covered Thursday's black candle. This is a sign that the pair has abandoned its initial intention to extend the downward movement, and now it is trying to break above the resistance at 148.50. If it succeeds, the pair could reach the target of 150.00.

The signal line of the Marlin oscillator has approached the upper line of its own channel, with a reversal of the line occurring from the border of the downtrend territory (indicated by the arrow).

On the 4-hour chart, the price is rising above both indicator lines, and the Marlin oscillator is moving to the right in the positive territory. This indicates an uptrend. The price is a few steps away from breaking above 148.50 and consolidating there. So, we are waiting for it to reach 150.00.