USDJPY Jun 08 to Jun 12 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint.

Outlook
Daily ledge upside push points to more upside is likely. Momentum on daily depends heavily on stop run at this point. As long as B-1 acting as support, up trend intact on daily.

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