The USD/JPY support level at 146.29 proved to be so strong that not only did it prevent the price from making a false move below it on August 14, but it also pushed the price back above the balance line (daily chart).
Today began with the dollar strengthening above the balance line, but support from the Marlin oscillator is lacking – its signal line remains in negative territory. Nevertheless, the target level of 149.38 is open.
On the four-hour chart, the price has already consolidated above the MACD line, and the Marlin oscillator has moved into growth territory. In this timeframe, the situation is fully bullish. The first signs of upward movement have formed, and we are waiting for this trend to develop further.
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