The USD/JPY currency pair, after consolidating above the nearest embedded price channel line on the daily chart, accelerated its growth towards the next target line in the area of 147.30.
Here, according to the main scenario, we expect a divergence to form with the Marlin Oscillator and a reversal into a deep correction, presumably to the MACD line (143.00).
If the price settles above 147.30, the dollar's growth may become extreme - up to the next line of the price channel in the area of 150.00.
On the 4-hour chart, the price is accelerating growth supported by a strongly rising Marlin Oscillator. The price, at first and second glance, is not holding back from moving towards the target of 147.30.
Relevance up to 04:00 2022-10-13 UTC+2 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.
