USD/JPY – Week 29 – Bearish correction underway.
In our previous outlook, we forecasted USDJPY to drop towards the support level. Instead, as most of the major pairs, UJ ranged the entire week.
For next week, we expect the price to finish this consolidation around the resistance before resuming the bearish momentum until it will reach the support level highlighted on the chart.
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 next week, we expect the price to finish this consolidation around the resistance before resuming the bearish momentum until it will reach the support level highlighted on the chart.
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.
