USDJPY Aug 18 to Aug 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Down channel resistance breached right from the beginning of the week. Gave us an up drift consolidation week. 50% range capped the upside. Closed the week above Y-0 and near midpoint.

Outlook
Inside week closing between Y-0 and midpoint implies indecision. Breakout play down to B-2 or up to B+2 in the making.

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