USD/JPY-Weekly overview

22 févr. 2020

Hello everybody!

-On a weekly chart, we can see that the price close this week with solid bullish candle BUT in supply zone, we can see that the price was tested and rejected so we may expect bearish movement next week BUT first, we need to analyze fundamental analysis and then we can have more conformations to see what to do next.
-I expect that next week will start with bullish movement and then the price will retest at the top of the supply zone and then we may expect bearish movement,...-But that is just my opinion!

-On a weekly base, USD is stronger than JPY and on a daily base, USD is weaker than JPY. If USD remains stronger on a weekly base we can expect further bullish movement and if JPY gains some strength we can expect bearish movement.
-I recommend to wait for next week and then we will see how the week will start, which currency will be stronger and which will be weaker.

-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!

THANKS FOR READING!

-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.

-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.

22 févr. 2020

Note

In blue callouts, you can see my prediction of the target price if we have bearish movement. WHY THAT LINES?-Because there we had lot of rejections and retest so that means that lines are strong so we may have retests or breakout.