USDJPY May 16 to May 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Ninja popped higher with upside target tagged as expected. Resistance at Y+3 keeping the range in check. Closed the week near Y+2 and above midpoint.

Outlook
Strong resistance at Y+3 /B+1 zone. Big sideway consolidation between B+1 and B-1 likely until weekly and monthly support / resistance line up. Breaking below B-0 points to quick drop to B-1.

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