USD/JPY – Week 14 – Bulls to lose some momentum?
USDJPY continued to rise, despite our previous analysis in which we mentioned that we expect this pair to start a deeper pullback.
Next week, we expect the price to lose some momentum and start a pullback in order to gain more strength for an uptrend continuation. The fact that the price is making smaller higher-highs is a sign of trend exhaustion.
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.
Next week, we expect the price to lose some momentum and start a pullback in order to gain more strength for an uptrend continuation. The fact that the price is making smaller higher-highs is a sign of trend exhaustion.
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.
