USDJPY Feb 25 to Mar 01 Outlook

Recap
Consolidation around Y-0. Tried hard to hold Y-0 early in the week but failed. Leading to a move down to equal distance below Y-0. There was no panic selling or stops to run on the drop either. Closed the week near Y-0 and midpoint.

Outlook
Inside week. Tightest range over past few weeks. Enter breakout mode. Due to the distance from Y-1 and Y+1, breakout trade will be difficult to engage as Y-1 and Y+1 can act as support and resistance to cap the initial break from B-1 / B+1 range.

Price pattern suggest a retest of Y+1 more likely than a breakdown to B-2.