Daily
After the USD/JPY pair had consolidated above the level of 100.0% - 84.17 of Fibonacci the growth of the rate continued. As a result the rise of the quotes may extend towards the level of correction 161.8% - 88.53. If the USD/JPY pair consolidates under the level of correction 100.0% of Fibonacci, then it enables the pair to swing towards the yen and the rate starts falling. A rebound of the rate from the correctional level 161.8% also allows the pair to swing to the yen. CCI indicator has formed a bearish divergence; the last high of the rate is higher than the previous one, the last high of the indicator is lower than the previous one and consequently the divergence was built. All the indicators are oversold at the moment increasing the possibility of the pair to turn in favour of the yen.
4h
The USD/JPY pair rose to the level of correction 523.6% - 86.61 of Fibonacci. It did not consolidate above it. The rebound of the quotes from this level of correction gives chances to consider the pair swings to the yen and starts downward move to the level of 423.6% - 84.88 of Fibonacci. Consolidation of the quotes above the level of 523.6% of Fibonacci may provide a possibility for the pair to continue growing to the next level of correction 685.4% - 89.78. CCI indicator has formed a bearish divergence; the last high of the indicator was lower than the previous one - on the contrary, the last high of the quotes was considerably higher than the previous one. This divergence eventually coincides with the rebound from the level of Fibonacci 523.6%. MACD is significantly oversold. It increases the possibility for the pair to turn in favour of the yen.