USD/JPY – Week 10 – Strong bullish momentum.
The USD/JPY reached another landmark for this year with the price passing the ¥108.50 level, supported by risk aversion, as well as an increase in the US jobs and bond market.
For this week we expect a price pullback followed by another rally towards ¥109.00 level as we find ourselves in a big daily uptrend.
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 this week we expect a price pullback followed by another rally towards ¥109.00 level as we find ourselves in a big daily uptrend.
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.
