USDJPY Nov 11 to Nov 15 Outlook

Recap
Ninja held Y-0 early in the week as support. Gave us a go for retest of Y+1 and potential upside breakout. Breakout happened but slammed back down hard on b.s. news. Y-0 was taken out on obvious stop run too. Yet, ninja immediately popped back up. Closed the week above Y+1 and midpoint.

Outlook
Since we cannot tell if the wild actions last week was a double stop run or if it is some kind of participants acting nervous, we can only assume both extremes are rejected. Until B+1 is cleared we do not have a clean upside breakout in place.

For now, B-0 should hold and give us a retest of B+1.

If B-0 is breached, it is likely we get a coil up first before another breakout play.