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USD/JPY – Week 20 – Incoming bears!
Last week, we correctly anticipated that USDJPY will gain bullish momentum and it will hit the resistance level highlighted on our chart the support level.
Next week, we expect the price to make a small correction, break the blue trendline, and head towards the support area. If it gains enough momentum, the price could drop even lower, making a new 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.
📢Check out our:
📹YouTube: https://www.youtube.com/channel/UCCuNa5RtvO5L0XibdSOBz8Q
🌍Website: https://www.finflagship.com/
Next week, we expect the price to make a small correction, break the blue trendline, and head towards the support area. If it gains enough momentum, the price could drop even lower, making a new 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.
📢Check out our:
📹YouTube: https://www.youtube.com/channel/UCCuNa5RtvO5L0XibdSOBz8Q
🌍Website: https://www.finflagship.com/
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