USDJPY Nov 12 to Nov 16 Outlook

By News Robot

Lawrence’s Comment

Recap
Start the week with a pullback to Y-0 and bounced off. The pop failed to go higher and broken below Y-0. 1-2-3 sell triggered with Y-1 target in place since then. Flushed lowered later in the week to Y-1 and stopped when 100% absolute range expansion is reached. Closed the week above Y-1 and below midpoint.

Outlook
Daily uptrend about to be broken. As long as B-0 acting as resistance a retest of B-1 is likely.

To defend the daily uptrend, this week must hold Y-1.

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