USDJPY Nov 21 to Nov 25 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.

Outlook
We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.

For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.

Share

  • You must be logged in to comment. Log in