Yesterday, the USD/JPY pair successfully broke above the resistance level of 143.60 and the balance line (red moving average). The Marlin oscillator continues to grow steadily. The target of 146.50 is open. The MACD line reinforces this target, and a reversal from it could lead to a retest of the target range of 139.70-140.27.
Today's data from the US, which is expected to be optimistic (GDP, consumer spending, durable goods orders), could provide the basis for further growth of the pair.
On the four-hour chart, the signal line of the Marlin oscillator has settled in positive territory. The price is rising above the indicator lines, indicating an upward trend. The MACD line may halt the price breaking through the support level of 143.60 at 142.76, which roughly corresponds to yesterday's low.
The material has been provided by InstaForex Company - www.instaforex.com #
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