USDJPY Apr 25 to Apr 29 Outlook

By News Robot

Lawrence’s Comment

Recap
Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed the week near Y+3 and week high.

Outlook
More upside expected. Consolidation / pullback to Y+2 is reasonable.

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