USDJPY Jan 07 to Jan 11 Outlook

By News Robot

Lawrence’s Comment

Recap
More news feeding out from Japan government and BOJ sent ninja to the long term resistance upper zone of 88. Closed the week above Y+2 and near week high.

Outlook
Strong up trend developed on weekly. Several support points created along the way up. Should weaknesses develop, a pullback to Y+1 is very likely.

The next down side support is B-2. Until B-0 turning into resistance, it is out of the question for now.

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