Hello Trader,
here are my analysis for USD/JPY for the upcoming week. As you can see the price bounces from the resistance level at round about 108.936. The price dropped down to 108.460 the next support level where it currently stands. As we are in a up move right now, I am expecting the continuing of the up move to the level 109.765. The second scenario is the continuing up move after reaching the support level at round about 108.093. If the price breaks through this level I am expecting a down move to 107.264 and continuing to 106.645.
Feel free to comment and give me your ideas.
Cheers and Happy Weekend!
Lukas
here are my analysis for USD/JPY for the upcoming week. As you can see the price bounces from the resistance level at round about 108.936. The price dropped down to 108.460 the next support level where it currently stands. As we are in a up move right now, I am expecting the continuing of the up move to the level 109.765. The second scenario is the continuing up move after reaching the support level at round about 108.093. If the price breaks through this level I am expecting a down move to 107.264 and continuing to 106.645.
Feel free to comment and give me your ideas.
Cheers and Happy Weekend!
Lukas