USD/JPY – Week 22 – Targeting the resistance.
In our previous forecast, we expected USDJPY to break the support level. Instead, the price went up, making a new top inside the consolidation pattern.
For next week, we expect the price to make a consolidation and make one more bullish push to test the resistance level. Around that level, we will study the price action and decide if the pair will have enough momentum to continue the bullish move or not.
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 make a consolidation and make one more bullish push to test the resistance level. Around that level, we will study the price action and decide if the pair will have enough momentum to continue the bullish move or not.
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.
