USDJPY Feb 10 to Feb 14 Outlook

By News Robot

Lawrence’s Comment

Recap
Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. Closed the week aobve Y-1 and B-0.

Outlook
On weekly basis ninja has formed the first bottom off this pullback which may not be enough to produce a strong bottom. Expecting sideway action with more sell pressure.

Upside likely capped below B+2. When B+1 acts as resistance we should get a drop down to B-1.

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