USD/JPY – Week 31 – Targeting the support.
In our previous outlook, we were expecting the pair to reach a new yearly high. Instead, the price dropped correctively and at this moment in time is not giving any signs of reversal.
For next week, we expect the price to continue dropping until it will reach the support area highlighted on the chart.
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 the price to continue dropping until it will reach the support area highlighted on the chart.
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.
