Hi Traders,
Below is my technical view on USDJPY pair, this analysis base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: Price is in down-channel from Jan 2017 from high level 118.xx, price just bounced back from 108.2x. Price is standing at balance area in weekly chart, I think market need several weeks or months to accumulate before break to upsid…