USD/JPY
The yen overcame the support of the enclosed price channel line on the daily chart, it lost 15 points on Tuesday. Now the pair has already dropped 25 points today in the Asian session (with the Japanese market closed due to a national holiday). The price is located directly on the 9th time line of the Fibonacci period from the beginning of the cycle on February 20, this is technically a strong factor for accelerated price movement. The objectives of the decline remain unchanged: 105.10, 103.95, 102.35.
The price is falling below the balance and MACD indicator lines on the four-hour chart, the Marlin oscillator is in the decreasing trend zone. Stock indices in Asia are falling today: Chinese China A50 -1.06%, Australian S&P/ASX 200 -0.87%, which also adversely affects the USD/JPY pair.
