Recap Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low.
Outlook More downside is expected. If ninja find support at 117 round number early in the week, a bounce back up to B-0 and retest of 120 will be in play.
Lawrence's Comment
Recap
Gapped higher at the start of the week and consolidated around Y+1 since. Fed meeting sent gold way higher and Aussie jumped higher in sync. Closed the week below ...
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USDJPY Jan 11 to Jan 15 Outlook
Lawrence’s Comment
Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low.
Outlook
More downside is expected. If ninja find support at 117 round number early in the week, a bounce back up to B-0 and retest of 120 will be in play.
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