USD/JPY – Week 19 – One more leg up.
Updated
Last week, we correctly anticipated that USDJPY will drop towards the support level. This move was supported by the weak NFP data.
Next week, we expect the price to gain some bullish momentum and break the orange trendline, and head towards the 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 expect the price to gain some bullish momentum and break the orange trendline, and head towards the 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: target reached
The resistance level target has been reached.
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