USDJPY Jan 04 to Jan 08 Outlook

By News Robot

Lawrence’s Comment

Recap
Tight range actions around Y-1 at 50% range. Consolidation during quiet last week of the year. Closed the week below Y-1 and midpoint.

Outlook
Wait and see time for first week of the year will define the initiation for the rest of the month and in turn the rest of the year. Strong bottoming setup from this year points to retest of Y+2 and above in coming weeks.

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