USD/JPY – Week 40 – Bears inbound.
In our previous outlook, we correctly anticipated the price to make a small correction and break the resistance level.
For next week, considering the fact that we sharply reversed after breaking the top, we expect the market to enter a deeper bearish consolidation.
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, considering the fact that we sharply reversed after breaking the top, we expect the market to enter a deeper bearish consolidation.
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.
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