2 votes Vote story as "Fresh"
0 votes Vote story as "Stale"
The USD/JPY appears to have completed an abc corrective rally after holding below the 78.67 pivot seen in the 4H chart. Also note that the RSI held below 60, which is in line with a persistent bearish momentum in this time-frame, especially if it follows through falling below 40. Therefore, as price gets near 78.00 and tests consolidation support..