USD/JPY – Week 6 – Consolidation week ahead.
The US Dollar increased its gains against the Japanese Yen as U.S. employers added up 49,000 more jobs last month, returning growth to the labor market after a one-month dip. The unemployment rate fell to 6.3% and made way for the price to reach the 105.50 target, like we predicted in our last analysis.
For this week we expect a medium degree pullback to push the price around the ascending trendline in order to gather more bullish momentum that can take the price above the 106 levels.
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 a medium degree pullback to push the price around the ascending trendline in order to gather more bullish momentum that can take the price above the 106 levels.
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.
