FX.co ★ Forecast for USD/JPY on September 30, 2024

On Friday, the USD/JPY pair rebounded from the intersection of the target level at 146.50 and the MACD line on the daily scale with its upper shadow. This impulse pattern indicates a potential target range of 139.70-140.27 that could be reached soon.

The Marlin oscillator is sharply declining, supporting the price's intention, but it is not out of the growth zone. There might be a slight delay at the support level 141.60 from August 5 and September 6. Overcoming the target range will open the following target range at 136.95-137.26.

On the four-hour chart, the price has consolidated below the MACD and balance lines. The Marlin oscillator has entered the downward area quite deeply. The trend is downward on both charts.