The yen continues its movement to the target level of 150.00, formed by the price channel line of the higher (monthly) timeframe. A divergence is almost formed with the Marlin Oscillator. Even if the divergence intensifies a bit, the price still has the opportunity to reach the intended target.
In general, the current technical picture tells us about the depletion of the USD/JPY pair's potential for growth.
The Marlin Oscillator could no longer withstand the growth on the four-hour chart and rolled back down. This creates a basis for the formation of a divergence, for which the price should grow a bit more.
So, the 150.00 growth target remains, the target levels of 147.38 and 145.30 are waiting.
Relevance up to 02:00 2022-10-19 UTC+00 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
