FX.co ★ Forecast for USD/JPY on November 13, 2024

The USD/JPY pair has consolidated above the 153.60 level on the daily chart, opening the path toward the target of 165.30.

However, the Marlin oscillator remains weak, continuing its sideways consolidation movement. This suggests that the upward momentum might lose strength, potentially leading to a correction before reaching the second target level of 157.72.

On the four-hour chart, the price's growth appears strong and confident, but Marlin shows subdued activity even here. Therefore, further growth of the pair should be monitored with caution.