USDJPY Oct 07 to Oct 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Gapped below Y-1 to open the week turned Y-0 into resistance. Y-0 capped the attempt to go higher gave us a retest of week low at Y-2. Ninja flushed below Y-2 and opened the door to Y-3. Y-3 tagged at the end. Closed the week below Y-2 and midpoint.

Outlook
A down channel / falling wedge in place. Breaking above B-0 will give us B+1 quickly. As long as B-0 is not breached, looking for more downside in the coming week.

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