Recap Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low.
Outlook More downside is expected. If ninja find support at 117 round number early in the week, a bounce back up to B-0 and retest of 120 will be in play.
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Lawrence's Comment
Recap
Y-1 support gave us test of Y-0 and above resistance. Failed to hold above Y-0 gave us retest of Y-1 and a break down to Y-2. Closed the week ...
USDJPY Jan 11 to Jan 15 Outlook
Lawrence’s Comment
Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low.
Outlook
More downside is expected. If ninja find support at 117 round number early in the week, a bounce back up to B-0 and retest of 120 will be in play.
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