26, August 2016

USD/JPY (a 4-hour chart)

General review

The market situation in USDJPY currency pair has not changed.
The pair continues to consolidate within the channel 99.90-100.79. Yesterday the pair USD / JPY, has once again pushed off the bottom border.

Trading recommendations

Our forecast remains the same- we expect sideway trade until the results of Yellen speech. However, the likelihood of the continuation of the downward movement after consolidation given the technical factors become higher.