as for the USD/JPY pair, 64% of the experts and almost all tools of predicted that the break through the bottom of the triangle, which the pair had been drawing since late August, would be short-lived. So it happened - by Friday the pair reached the said 120.80 resistance and then went to the next peak at 121.45, thus transforming the triangle into a horizontal channel.
The forecast for the coming week.
the indicators point upward for USD/JPY . Surprisingly, 100% of the experts concur and reckon that the pair won't be able to fall below support at 120.50 but will bounce off it towars 122.00.
Roman Butko, NordFX