USDJPY Jul 21 to Jul 25 Outlook

Recap
Instead of testing Y-1 first, ninja opted for test of Y-0 zone resistance first. That forced a drop in ninja back down to Y-1 later in the week. Closed the week above Y-1 and below midpoint.

Outlook
Inside week with weak close points to proper retest of Y-1 / B-1 is necessary. Reaction there will tell us what’s next.

In rare scenarios, should ninja surges higher above B+1 without a retest of Y-1 / B-1 support, as long as B+1 acts as support, a run to B+3 is likely.