USDJPU Weekly analysis
With USDJPY, we are looking at a pair of strong currencies pairing. Due to the uncertainity in the EURUSD pair, many traders moved to this safe heaven pair.
In last week, we have seen the pair moving in a sideway trend and nothing more than that.
This week, if the price is staying below 110.197, we see the price being bearish. At current price, i.e on 23 June, we expect the price to do a retest of resistance at 110.197, and then move towards the target at 108.187
But, for now, we can still expect the trend to be sideways as dollar still remains strong.
In last week, we have seen the pair moving in a sideway trend and nothing more than that.
This week, if the price is staying below 110.197, we see the price being bearish. At current price, i.e on 23 June, we expect the price to do a retest of resistance at 110.197, and then move towards the target at 108.187
But, for now, we can still expect the trend to be sideways as dollar still remains strong.
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