FX.co ★ remington.kihn | USD/JPY

It seems that the yen has decided to enter a sideways movement, which usually indicates accumulation, and you probably know what that means - preparing for a breakout. It also looks like they are preparing the ground for a southern shot. But these are just my assumptions, the reason being that sideways movement is not good for buyers. Unless some sharp news pushes the price up, although in my opinion, this should happen because the 30-minute and 1-hour timeframes are overbought and need to be relieved. So no matter how awkward the north looks, I am specifically waiting for a sharp impulse to the north. The key levels are to break above 154.50, and below at 151.50 on the 1-hour chart, I've marked restrictions, which means price could go there, but going deeper is questionable. In general, an upward impulse is a must.