USDJPY Jul 25 to Jul 29 Outlook

By News Robot

Lawrence’s Comment

Recap
Bearish drift to new low below Y-1. Tight range. Closed below midpoint.

Outlook
To go long we need a confirmed bottom, B+1 has to be taken out with B-0 acting as support.

Short side will be difficult to trade from this level because it is sitting at the extreme level where G8 intervention happened last time.

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