USDJPY Aug 05 to Aug 09 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected ninja rallied back above Y-0. Stalled after first challenge near 100 round number level. Closed the week above midpoint and below Y-0.

Outlook
Easy long last week does not translate automatically into easy long this week. The bias is tilted towards holding B-0 for a run back up to Y+1 with target B+2.

B-0 down to Y-1 strong support. Must hold for the base to be built properly.

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