USDJPY Nov 04 to Nov 08 Outlook

By News Robot

Lawrence’s Comment

Recap
The easiest play of last week. Found support, zoomed back up to above Y+1 target as mentioned last week. Sharp pullback to almost Y-0 and then popped higher. Closed the week above Y+1 and near week high.

Outlook
Easy part of the rally has completed. Now deepending on first test of the 99 resistance, there are 2 possible outcomes. A clean breakout will allow Ninja to zoom straight up to B+2 and above.

Any weaker attempt will lead to consolidation with support around Y+1 / B-0.

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