USDJPY Weekly forecast 19/08 - 23/08

OANDA:USDJPY   U.S. Dollar / Japanese Yen

USDJPY weekly outlook -

Long term bearish trend with some short term bull momentum following wedge breakout. Is there a potential for an inverted head and shoulders pattern? Not putting all eggs in one basket on that plan but could happen.

Rising trend line heading to key resistance above means we are waiting at this level for price to test and give us opportunities. JPY has shown some strong bear legs down but could be about to role reverse to buying opportunities. We are still below the moving average which could continue and form an additional level of resistance.

We wait for early next week.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out