USD/JPY – Week 3 – 105 on the radar?

As mentioned in our past analysis, USD/JPY broke out strongly of the falling wedge pattern, and we grow confident that bullish move will continue. The price moved sideways the whole week, but we expect it to continue increasing for the current week. More than that, a solid price break outside the descending channel will increase the chances that the bears will be gone for a while. However, if you missed the buy, patiently wait for this price pullback to finish and try to enter without over-leveraging your position.
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.

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