USDJPY Dec 07 to Dec 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Ninja tested Y+1 and failed to clear it. Dropped back down to Y-0 and found support. 2nd attempt at Y+1 cleared it and moved higher until 100% absolute range expansion. Failed to hold above Y+1 sent it back down to Y-1. Bounced off Y-1. Closed the week above Y-0 and midpoint.

Outlook
Sideway actions simply reflect the lower liquidity during this holiday season. 2-way play with no follow through is expected.

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