USDJPY, boring week 4, exciting week 5
USDJPY sees quite a boring week, consolidating for the whole week with a strong bear move on Friday. The move on friday completed the reversal double top pattern, it can also be seen as a triple top if you like to. It shows the exhaustion of the bullish move, which we expected in week 4.
For anyone who long USDJPY, profit should be firm. With week 4's movement, it is leading us to see a drop in week 5, possibly for the whole week 5, we will see it continue its bearish move.
I am looking forward to the move that it will make in week 5, with great comfort in the analysis of week 4's movement.
Stay flexible and open-minded, and I hope you continue to make a great profit for week 5!
If you have any thoughts on USDJPY's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
For anyone who long USDJPY, profit should be firm. With week 4's movement, it is leading us to see a drop in week 5, possibly for the whole week 5, we will see it continue its bearish move.
I am looking forward to the move that it will make in week 5, with great comfort in the analysis of week 4's movement.
Stay flexible and open-minded, and I hope you continue to make a great profit for week 5!
If you have any thoughts on USDJPY's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
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