The pair continues to consolidate on top of its key support at 80,00. There is still a lack of momentum and we have to be extra carefull while trading a Yen related pair.
USD/JPY: daily chart
The setup remains constructive and a break above 81,30 would accelerate towards next resistance at 82,00 (200 moving average).
By the meantime, it is wiser to look at other major pairs as this one may be choppy and unpredictable.
Only a break below 80,30 would expose 80,00 with an important risk of breakout.
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