USDJPY the week ahead : Three white Soldiers seen at USDJPY
This is a follow-up post of our previous analysis with USDJPY. As we expected the currency pair given breakout at the level of 139/140. It has formed a Doji candle on one day chart, gave confusion to retail traders as that Doji was formed after continuous bull candles and appeared nearby the resistance area. It was able to manage to give a breakout and stay strong above 140 levels.
After the breakout, it has formed three white soldiers which is indicating a strong buy towards the said target of 145 / 150. Expecting the first target by the NFP data release date ( First Friday of June month )
Weekly movement Predictor :
Monday = Neutral/ Slight Bearish ( US holiday: Memorial Day )
Tue, Wed = Bullish
Thursday = Bearish
Friday = Ultra Bullish.
You can use stop loss or USE trailing Stop loss 136 region where 20EMA is seen.
After the breakout, it has formed three white soldiers which is indicating a strong buy towards the said target of 145 / 150. Expecting the first target by the NFP data release date ( First Friday of June month )
Weekly movement Predictor :
Monday = Neutral/ Slight Bearish ( US holiday: Memorial Day )
Tue, Wed = Bullish
Thursday = Bearish
Friday = Ultra Bullish.
You can use stop loss or USE trailing Stop loss 136 region where 20EMA is seen.
