USDJPY May 06 to May 10 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint and Y-0.

Outlook
Strong resistance directly above. If ninja can clear B+1 and Y+1 in 1 go, upside target of B+3 next.

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