USDJPY Dec 01 to Dec 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Pullback as expected yet Y-0 support led to breakout to the upside with a run to print week high. Closed the week above Y-0 and midpoint.

Outlook
Potential complex top in the making, if FBO against Y+1 without tagging B+2, a drop back down to Y-1 likely.

Without a failure to clear Y+1, up trend intact with B+2 and above in play.

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