Weekly reviews

USDJPY market technical outlook

USDJPY

Analysis method - “Trend Potential”

October 6, 2018


Weekly chart:

Bulls poorly utilized the trending upward potential, however, the second close above upper Bollinger band took place after all. Thus, we can expect new attempt of impulse growth in direction 115.00 and higher.

Expectations:

Growth in direction 115.00 and higher.

Trading recommendations:

Longs towards 115.00 and higher.