Hello everybody.
I will show you what my expectations are for USDJPY.
Let's look at the weekly schedule. We see that we have a range.
On the daily chart we have range again but with a fake breakout and a very nice last candle.
Last week the bears were stronger in the beginning, but the end was for the bulls.
This makes me think that the bulls will show their strength in the new week.
Whether he will be able to break through such a strong resistance of 108 is a matter of time.
If this happens and we have a test of the new support I will try to find a suitable input.
If you find this useful - give a like!
If you have the same or different vision for the future movement - comment!