The US dollar has moved sideways during the course of the week, as we continue to linger around the ¥104 level. As mentioned in our past analysis, USD/JPY broke out strongly of the falling wedge pattern, and we grow confident that the bullish move will continue at least for this week. If we notice a solid candle break outside the parallel channel, the chances for the price to increase will grow considerably. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.