USDJPY-Weekly Market Analysis-Jun20,Wk3

14 thg 6, 2020

On the daily chart, there isn't a distinct trend as there was a sideway expansion that broke both support and resistance level, we need 2 breaks and close below the low or above the high to have a trend.
Recently the 4-hourly chart also has a sideway expansion as well.

Before we assume that this pair can't be traded, the 1-hourly chart, it is a bearish trend. On 107.87 it is a very important Resistance/ Support for a trading opportunity.