Going into next week, USDJPY has been looking very strong on the bullish trend, the last couple months have proved to show bullish strength in the market. (DISCLAIMER: this is based PURELY on price and what the market is doing and has been doing this does not account for any upcoming news events potentially effecting price) Based on psychological levels, USDJPY seems to push toward all-time yearly highs that it has not reached in a fairly long amount of time. My bias going into the next week, is that USDJPY will potentially move towards higher prices if it manages to re-break/re-test the pullback it is currently on. I will be looking for long trades and openings next week to go long on USDJPY.
*Keep in mind no strategy is without risk and this will have some potential for my analysis to be completely wrong.*
*Keep in mind no strategy is without risk and this will have some potential for my analysis to be completely wrong.*