USDJPY Aug 19 to Aug 23 Outlook

By News Robot

Lawrence’s Comment

Recap
We got the pop expected from last week. Tagged resistance zone and stalled. Closed the week at Y-0 and above midpoint.

Outlook
Inside week. Holding Y-0 as expected. It is important that ninja take off from B-0 or it will be pressed back down to Y-1 for a retest.

Rally from B-0 points to the prior target of Y+2 still in play. Failing to hold B-0 will make the chart very difficult to read with whiplash potential at B-1 and B+1.

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