scaige96

USD/JPY Weekly forecast

FX:USDJPY   U.S. Dollar / Japanese Yen
Following the neckline break of the head and shoulder pattern last week, we saw price melting below the weekly support target. Even though our chart analysis is showing signs of a bearish reversal on the weekly chart, we still need further price information to determine weather this will actually be followed by more selling in the coming weeks. There’s a few possibilities; firstly looking at current price action we can see that the week ended with the bulls overwhelming the bears temporarily to close the daily candle stick as a doji (highlighted), this could signal the weakness of the bears. The current bearish movement on the daily may be short-lived and we could see the bulls starting to have more dominance in the coming days
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out