Recap Once Y-0 was breached, we get our target Y-2. Pretty easy, isn’t it?
Outlook B-1 is potentially a strong support level as many shorts are trapped underneath. If B-1 acts as support early next week, B-0 will be tested. That is the tell tale zone whether this rally has legs.
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USDJPY Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Once Y-0 was breached, we get our target Y-2. Pretty easy, isn’t it?
Outlook
B-1 is potentially a strong support level as many shorts are trapped underneath.
If B-1 acts as support early next week, B-0 will be tested. That is the tell tale zone whether this rally has legs.
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