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Forecast for USD/JPY on January 25, 2022

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The USD/JPY pair grew by 25 points yesterday, but, despite this, the price has not left the downward trend, staying below the balance indicator line on the daily scale chart. The bears are aiming for 113.25 – support for the embedded line of the price channel of the monthly timeframe. The Marlin Oscillator continues to advance deep into the bears’ area.

On the four-hour chart, the price did not reach the resistance of the MACD line, it was stopped by the balance line. Also, the Marlin Oscillator has not reached the border with the upward trend territory. At the moment, all signs point to the continued decline of the currency pair.

The material has been provided by InstaForex Company – www.instaforex.com

Trading signals for USD/JPY on January 25 – 26, 2022: buy above 113.93 (21 SMA – 4/8)

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