USD/JPY - Week 53 - Upside coming soon?

The USD/JPY remains in a neutral stance. There is a slim chance that the price will go down one more time and break the 4H low, before starting an up move. We are currently ranging in the middle of a parallel channel and we expect the price to break the upper channel line and start an uptrend. Until then, we will be looking at other pairs as nothing is clear at the moment.
Trade safe & a Happy New Year!

Best regards,
Financial Flagship

Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.

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