Daily
On the daily chart, after the yen had consolidated under the level of correction 50.0% - 80.09 of Fibonacci it fell to the level of correction 61.8% - 79.13. If the rate consolidates under this level, then the quotes may continue a downward move towards the next level of correction 76.4% - 77.96. A rebound from the correctional level 61.8% of Fibonacci enables a swing towards USD and a growth to the level of 50.0% of Fibonacci. Indicators are not about to have any divergences. All the indicators except for Stochastic allow the rate’s consolidation under the level of correction 61.8%. On the contrary, Stochastic enables a rebound from the level of 61.8%.
4h
On the 4H chart Stochastic has formed a divergence. It enabled the pair to swing towards the Japanese yen. The rebound from the correctional level 38.2% - 79.63 of Fibonacci was observed and it coincided with a formation of Divergence. As a result, the quotes started to drop to the level of correction 50.0% and may consolidate under it. In this case, the rate’s drop will resume towards the next level of correction 61.8% - 78.99 of Fibonacci. There are no divergences at the moment. Divergence of Stochastic indicates a probable drop of quotes. However, the level of correction 61.8% on the daily chart should be taken into account as there may be seen a rebound from this level.