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USDJPY Sep 02 to Sep 06 Outlook
Lawrence’s Comment
Tried to hold Y-0 and failed. Flushed down to Y-1 and found support. Bounced back up above Y-0 and stuck there since. Closed the week above Y-0 and midpoint.
Outlook
Y-1 was rejected decisively. That points to a retest of the other extreme Y+1 quickly as long as the midpoint / Y-0 area acting as support.
Ninja was partially affected by the events in Syria at the moment thus it will swing more in sync with the other majors against US dollar as oppose to doing its own thing.
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