USD/JPY (107.28) – Weekly Forecast

Weekly forecast levels: 105.90/108.90

Trend for the week – Neutral/Upward

Market Focus:

Weekly Strategy: It is expecting trading week for the yen with not clear movement. As overall the overall weekend trend is forecasting into upward. The trading strategy for the coming week is to open long positions, as buy at levels below 106.50. It is expecting many movements into both directions first. The key resistance is at 107.80, as the break above will open the trading for 108.50 and then 108.90.