USDJPY Jul 23 to Jul 27 Outlook

By News Robot

Lawrence’s Comment

Recap
Failed to break above previous week close right from the start led to a flush to Y-2 before a bounce can happen. The bounce failed to go above Y-1. Selloff til 100% absolute range expansion is completed and stuck at the bottom part of the range. Closed the week near week low.

Outlook
Every news that came out just sent ninja lower and lower. It is now very close to the all critical 78 long term support zone.

Ninja has to hold that on weekly closing basis or the long term bullish view will be invalidated.

Share

  • You must be logged in to comment. Log in