USDJPY: Heading lower?

9 בפבר׳ 2016

After making new 2016's low at 114.21, USDJPY consolidate higher and formed a pennant, a break below 115 could be a sign for USDJPY continuing the trend. On the other side, a break above 115.60 could be a sign for more consolidation or back above the 116 resistance (previously a support).