USDJPY Oct 08 to Oct 12 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected Y-0 area becomes the platform for a run towards Y+2. Paused there for a quick test of Y+1 and then another pop higher. Closed the week near Y+2.

Outlook
As noted last week a short term bottom should be in place for ninja. The problem going forward however is that the chart is getting uglier every week. What I mean is that the moves are more sudden and then grind in tight ranged moves.

Hopefully normal volatility will come back to this pair soon once the political issues there quiet down.

Coming week, a break of B-0 points to retest of B-1.

As long as B-0 acts as support, looking for higher prices.

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