12.01.202206:17 Forex Analysis & Reviews: Forecast for USD/JPY on January 12, 2022

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The yen does not dare to attack the MACD line of the day scale (114.96). The Marlin Oscillator on the daily chart is tilted downward, which indicates a possible easy and accurate hit of this support and the subsequent price reversal from it. The growth target is 116.15. Consolidating above the level opens the 117.12 target - the resistance of the price channel line of the monthly timeframe.

An alternative scenario looks like this: the price settles below the MACD line and then moves down to the support of the 113.26 price channel.

A hypothetical convergence of the price with the oscillator is formed on the four-hour chart, which supports the option of a price reversal upward from the level of 114.96.

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