USDJPY Mar 26 to Mar 30 Outlook

By News Robot

Lawrence’s Comment

Recap
Y+1 acted as resistance and sent the pair back down to Y-1 as expected. Closed the week near week low and Y-1.

Outlook
Short term top in place meaning that the pair will have to either consolidate on weekly level or potentially pullback significantly.

To play the pullback, daytrading is preferred. Long term bias is to look for a weekly support zone to go long or adding to the long.

Next week as long as B-0 acting as resistance, B-2 in play.

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