Yesterday, the quote of the USD/JPY pair successfully reached the target line of the price channel, which can be considered a deep growing correction of the movement from the extremes of July 14 and August 2 completed.
Now we are waiting for the price to go under the support of 137.75 and further medium-term decline through the supports of 136.10, 134.44, 132.40. But this scenario can be easily reversed, for this the price needs to consolidate above 139.05 and a new bullish target at 140.97 will open.
One of the early reversal signs has been formed on the four-hour scale - price divergence with an oscillator. Since the price broke through the MACD line on a daily scale, in order for this exit to turn out to be false, the price must consolidate below the level of 137.75. The MACD line approaches this level on H4, it strengthens it, and in due time can give the price an impetus to start a medium-term downward movement. We are waiting for the development of events.