USDJPY Sep 24 to Sep 28 Outlook

By News Robot

Lawrence’s Comment

Recap
Early in the week just continued to shoot higher and tagged Y+2 target. Failed to hold above Y+2 and collapsed back down below Y+1 and completed 100% absolute range expansion. Closed the week above Y-0.

Outlook
Y-0 was never challenged. Hence we cannot tell if buyers would show up there. Since 100% absolute range expansion stopped the pullback so far, it is reasonable to expect B-1 to act as support for a retest of at least B-0 and likely B+1.

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