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.