USDJPY Jul 28 to Aug 01 Outlook

By News Robot

Lawrence’s Comment

Recap
Higher low was made with a drift up until 100% absolute range reached. Closed the week near Y+1 and above midpoint.

Outlook
Instead of forming a good bottom, ninja was forced back up by external factors including intervention by BOJ. This makes the Y-1 bottom dirty and a retest of that is likely if ninja cannot clear B+1 decisively this week.

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