Daily
The USD/JPY pair has consolidated above the correctional level of Fibonacci 23.6% - 82.25. Now the pair continues growth towards the next level of correction 0.0% - 84.16. A rebound of the quotes from the level of 0.0% of Fibonacci enables the pair to swing towards the yen and start falling towards the level of Fibonacci 23.6%. Bearish divergence of MACD is about to be seen; the current high of the rate is higher than the previous one. On the contrary, a current high of the indicator is lower than that of the price. If the tendency is the same then the bearish divergence will be formed. It allows the pair to turn the quotes in favour of the yen. Due to the indicators are placed rather high all of them show that the swing of the pair towards the yen is possible in the short term.
4h
After yesterday’s consolidation of the rate above the level of correction 323.6% - 83.11 of Fibonacci has been seen the quotes continue the growth towards the level of 423.6% - 84.87 of Fibonacci. The rebound of the quotes from the level of correction 423.6% of Fibonacci enables the swing to the yen and the rate starts falling to the level of 323.6% of Fibonacci. Consolidation of the rate under the rate of 323.6% of Fibonacci increases the possibility of the quotes to drop. All the indicators assume and support continuation of the quotes rise except for Stochastic which admits the swing of the rate to the yen. No divergences of either indicator are observed at the moment.