In our previous outlook, we expected USDJPY to drop towards the trendline. Instead, the price reached new highs prior to the NFP news events and then started to give signs of reversal.
For next week, we expect the price to make a small consolidation, and reach the support level before gaining more bullish steam.
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 small consolidation, and reach the support level before gaining more bullish steam.
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.
