USD/JPY – Week 17 – Will the trendline hold?
Last week, USDJPY continued to drop despite our forecast in which we expected a bullish move.
Next week, until we break the trendline and the resistance level, we will be cautious with the buy. We still expect the bullish move to unfold, but we need the levels that we highlighted to be broken in order to get a confirmation.
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.
Next week, until we break the trendline and the resistance level, we will be cautious with the buy. We still expect the bullish move to unfold, but we need the levels that we highlighted to be broken in order to get a confirmation.
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
