USD/JPY – Week 33 – Bearish week expected.
In our previous outlook, we anticipated the price to make a small correction and break the resistance level, having a chance to make a new yearly high. Instead, the price started to fall after reaching the resistance level.
For next week, we expect a price pullback followed by a bearish move that will retest the support 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 next week, we expect a price pullback followed by a bearish move that will retest the support 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.
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