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[QUOTE="Stan NordFX, post: 63266, member: 23437"] - USD/JPY. Due to the rise in risk sentiment, investors have lost interest in such protective assets as the dollar and the yen. As a result, these currencies reached a temporary truce and moved to a sideways trend. However, the pair never went beyond the medium-term channel, along which it has been smoothly sliding south since the end of March. And, giving a forecast for last week, the vast majority of experts (70%), supported by graphical analysis on D1, suggested that the lateral movement with bearish sentiment dominance would be continued. In general, everything happened like that. The pair continued to move eastward, gradually reducing the amplitude of oscillations to the range of 103.85-104.55 and forming a medium-term “pennant” figure with the main support around 103.65. As for the end of the trading session, the finish was set at 104.00 this time; [/QUOTE]
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