WEEKLY FORECAST :
The USD/JPY has formed a Descending Triangle pattern, at the same time the USD/JPY is still in the downtrend; this is indicated by the fact that the pair cannot break the previous peak. However, if this pair can break out and close below the preivious week low, it is expected to decline to the 80.85 level. But on the other hand, if the USD/JPY can break out and close above the previous week high, there is a possibility it will advance to the 83.78 level.
