USD/JPY – Week 37 – Waiting for a breakout.
In our previous outlook, we expected the price to reach the support area after the correction is completed. Instead, the price moved sideways the whole week, preparing the market for a bearish impulse.
For next week, we are expecting this move to continue until it will reach the support level.
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 are expecting this move to continue until it will reach the support level.
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.
Trade closed: target reached
