USD/JPY – Week 9 – Uptrend continuation.
The USD/JPY reached a six-month high last week going beyond the ¥106.60 level, supported by higher US Yields and even risk aversion.
For this week we expect a reaction at the upper channel line, followed by a pullback towards the trendline and the support zone, in order to continue the uptrend that can push the pair beyond the ¥107 level.
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.
For this week we expect a reaction at the upper channel line, followed by a pullback towards the trendline and the support zone, in order to continue the uptrend that can push the pair beyond the ¥107 level.
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
