Yesterday's attempt to rise against the yen was stopped by the balance indicator line on the daily scale, which coincided with the release of the FOMC Fed and the speech of its chairman Jerome Powell. This morning, the dollar's decline has already overshadowed yesterday's growth. The price went below the target level of 109.80, and now the 109.20 target is open. The Marlin Oscillator is declining in the negative zone.
The price reversal occurred simultaneously with the reversal of the Marlin oscillator from the border of the growth area on the four-hour chart. The price returned to the area below the MACD indicator line, we will make two consecutive false breakouts of this line - on the 27th down and yesterday up. This is a sign of a strong price movement soon. So far, the conditions for such a downward movement remain.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.