Last week, we correctly anticipated the bearish move that took place this week on USDJPY. Next week, we expect the price to make a consolidation underneath the trendline and continue dropping, having a high chance to break the ¥107.45 low 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.
hello buddy, love your analysis but pls wait for price to break the support zone @108.54 before looking for a new low, remember we only predict and sometimes it won't go in our way, price is currently on a support zone that has been tested multiple times and before you buy or sell try to analyse the market again though USD is negative trade with caution my friend see you when the market opens, best of luck....
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financialflagship
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@SarJames, Hello mate. Thank you. Well, in the analysis thesis I mentioned that we need a consolidation before any drop, which would act as a confirmation.
SarJames
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@financialflagship, alright friend we will see about that, am not really expecting price to make new lows though USD is negative but i will be foolish to enter the market without proper analysis .....
financialflagship
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@SarJames, The best is to wait for a setup. This analysis points out the bigger probability move, it's not a trade signal. As you said earlier, the support level will be key.
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