USD/JPY – Week 11 – Possible consolidation incoming.
The UJ ended the week exactly where it started, as the time has come for a complex consolidation pattern.
For this week we expect 2 scenarios:
1. Price will continue to move sideways from here, in order to gather further bullish momentum.
2. There is a chance that the price may increase from here towards the Daily resistance area that we highlighted on the chart, before starting the bigger degree corrective pattern that we expect.
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.
For this week we expect 2 scenarios:
1. Price will continue to move sideways from here, in order to gather further bullish momentum.
2. There is a chance that the price may increase from here towards the Daily resistance area that we highlighted on the chart, before starting the bigger degree corrective pattern that we expect.
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.
