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15.05.2025 04:40 AMBy the end of yesterday's trading session, the USD/JPY pair declined by 73 pips, testing the MACD indicator line with a lower shadow. It's clear that an attempt to consolidate within the 145.08–145.91 range was made, but the effort was premature due to the presence of the MACD line within this zone.
In about 24 hours, the MACD line may move below the lower boundary of the range, allowing the price to prepare for a breakout toward the target level at 143.45. The signal line of the Marlin oscillator has broken through the 23.6% retracement level, indicating that the bears have support.
Overall, we expect a breakout of the 145.08–145.91 range within two days, although there's a slight chance it could happen immediately, as it did on April 10 (marked by a green checkmark). Therefore, we are closely monitoring the market's developments.
The price has consolidated below the MACD line on the four-hour chart, and the Marlin oscillator has settled into bearish territory. As long as the opening gap remains unfilled, the overall price trajectory remains downward. After a brief consolidation, the price will likely continue toward the target level of 143.45.
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