zaidhatem

USDJPY next movement in the next week ?

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
The US dollar against the Japanese yen may return to the bullish path next week, after the US Federal Reserve raised interest rates and stated that it will continue to raise interest rates in the coming year. All this may increase the strength of the dollar.

Here, the dollar is seen breaking a downtrend on the four-hour time frame and testing it, and for this I expect the rise to continue towards higher targets.

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1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account

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