USD/JPY – Week 28 – Bearish correction underway.
In our previous outlook, we correctly forecasted USDJPY to drop towards the support level. The price started a corrective pattern that looks like it will unfold into a running or expanding flat.
For next week, we expect the price to make a consolidation, followed by further bearish continuation until it will reach the support level 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 make a consolidation, followed by further bearish continuation until it will reach the support level 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.
