Weekly outlook 12 - 16 june - USDJPY

FX:USDJPY   U.S. Dollar / Japanese Yen
51 0
We seem to be in a falling wedge . Which suits me fine. The price went further than 76.4 fib support (which is the last I will take if I am looking for a mere correction) and seems to be bouncing strong from the upper wedge shoulder.

Expect a second test of the upper shoulder, potentially breaking the shown trendline up. After that, looking for good short opportunitie with target the support at 108.2

Of course, wait for proper triggers, this is just an outlook

Good luck all
Comment: This one played out nicely
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out