JuliaFX

Forecast for 25-29 January 2016

FX:USDJPY   U.S. Dollar / Japanese Yen
First, a review of last week’s forecast:
The forecast for USD/JPY             had consisted of two stages – first, a rise to 117.40-118.00 and then a drop to support at 116.00. That transpired to a tee – on Tuesday, the pair reached resistance at 118.10, rebounded from it and got to the low of 116.00 on Wednesday. The forecast had indicated that this cycle would take all week but USD/JPY             completed both stages before Thursday. During Thursday and Friday, the pair went up to the lower boundary of the triangle, which had been formed over last August - October.

Forecast for Upcoming Week
Generalizing the opinions of scores of analysts from leading banks and broker companies as well as forecasts based on different methods of technical and graphical analysis, the following can be suggested:
The indicators and graphical analysis on H4 predict that USD/JPY             will rebound to 119.50. However, the experts differ again – one-third of them are for a rise, 40% are for a side trend with a 118.00 pivot point and the rest are for the pair’s return to last week’s low.

Roman Butko, NordFX

" ......40% are for a side trend with a 118.00 pivot point and the rest are for the pair’s return to last week’s low.
"
snapshot
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moorekapital moorekapital
Could this be what they're have in mind....? Im just inferring from your chart.
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