USDJPY Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment

Recap
Test of B-1 as expected. That did not hold so we got Y-2 normal continuation target. Y-1 then turned into resistance and gave us another push lower. Closed the week near Y-2 and below midpoint.

Outlook
Slow motion downside actions towards Brexit low points to potential very strong reaction once it is tagged. 50/50 whether it will hold. Tricky week for ninja and staying on the side line is not a bad idea.

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