USDJPY Apr 13 to Apr 17 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 held sending ninja back up to Y-0 and then Y+1. Y-0 support since helping ninja to retest and complete measured move on weekly to the upside. Closed the week above Y-0 and midpoint.

Outlook
The up move last week was not a strong one but helped to build a support zone at Y-0 / B-0. If that is breached, ninja will drop back down to Y-1 / B-1. If it is a weekly bear flag in the making, ninja will have one more push towards Y+2.

Share

  • You must be logged in to comment. Log in