Hello traders, Looking at the USD/JPY chart we foresee a bigger degree correction to occur. The blue trendline breakout is a good sign for a bearish scenario considering the fact that we made a nice consolidation after the breakout. The pair found some small resistance above and we are expecting the price to reach the liquidity area highlighted on the chart. Don’t forget that today we will have inflation news coming out from the USA and it could heavily impact the US Dollar. Please don’t over risk and don’t trade without a plan and a clear setup 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.