USD/JPY – Week 16 – Short-term bullish.
Updated
As per our previous forecast, the US Dollar continued to fall and lost more of its gains against the Japanese Yen.
Next week, we are expecting the price to gain some bullish momentum, break the trendline and reach the ¥110 resistance level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Next week, we are expecting the price to gain some bullish momentum, break the trendline and reach the ¥110 resistance level.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Trade closed: stop reached
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