USDJPY Weekly Market Overview by ForexCracked on

USDJPY been in a consolidation, nothing will be changed until we see a break out of this little range so what I’m looking for next week ,if we’re gonna break higher once again ,if that would be the case then we look for a continuation move up, at the moment it is trading the structure area a key level of resistance 108.50 been a resistance for and support area many times so when there is a risk also that you may see the market pushing to the downside from 108.50 area ,so keep trading this range until you have a break out of it, keep it simple,if there is no break then we may get another leg to the downside – then look for taking profit or buying the bottom or if we get a break out we look for a retest if the retest hold above the range then we may see a another leg to the upside toward 109.70 .

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