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19.05.2025 07:00 AMAs of this morning, the USD/JPY pair has settled near a strong support level—the intersection of the MACD line with the target level at 145.08.
If the price intends to break through this support, which is the main scenario, it may remain within the 145.08–145.91 range for another 1–2 days. This could continue until the Marlin oscillator moves into negative territory, opening the way toward the target of 143.45, and subsequently 141.70.
On the four-hour chart, a small convergence has formed with the Marlin oscillator, and the opening gap has yet to be closed. The price may attempt to test the upper boundary of the range, and possibly break above it, since the upper boundary appears weak, or it may lie higher, around the 146.20 area.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
