USDJPY Jun 30 to Jul 04 Outlook

Recap
Y-0 resistance gave us test of Y-1 and it was cleared with the added bonus of clearing the support trend line formed over the past 2 weeks. Normal target of Y-2 was tagged. Closed the week near Y-2 and week low.

Outlook
Measured down move points to Y-3 target yet it was not tagged last week. If it is taken care of early this week a bounce to B-0 is likely.

Ninja entered weekly timeframe longer term support zone here. Bottom forming in this region in coming weeks will be good for a run to year high.