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Hello community,
USDJPY finished a interesting week as open at 122.6~122.8 area, the pair move down to 120.4 and reversal back to inittial area 122.8 around to close this week. In near-term market seem stable but longer-term the market continue weighted by risk from china and EM market when FED hike rate... So what next for USDJPY and crossed pair XXXJPY?
Can the pair USDJPY continue go up to break descending channel or temporary move in balanced range to consolidate and prepare for next destination? Just follow the chart!
Good weekend to all
Haynes
USDJPY finished a interesting week as open at 122.6~122.8 area, the pair move down to 120.4 and reversal back to inittial area 122.8 around to close this week. In near-term market seem stable but longer-term the market continue weighted by risk from china and EM market when FED hike rate... So what next for USDJPY and crossed pair XXXJPY?
Can the pair USDJPY continue go up to break descending channel or temporary move in balanced range to consolidate and prepare for next destination? Just follow the chart!
Good weekend to all
Haynes
