FX.co ★ remington.kihn | USD/JPY

USD/JPY Н4 Essentially, the quotes broke out of the sideways channel and moved to the south. After that, the support at the level of 156.45 sent the quotes back to the north. But here is where the most important part begins. The fact is that, essentially, there has been no consolidation below the sideways range yet, and it still can turn into a good northern movement. In order to continue the southern path now, the pair needs to consolidate below the level of 157.70 and the moving average should be above the quotes. This is the condition for continuing the southern path. Otherwise, everything will turn to the north with good prospects.