USDJPY Apr 04 to Apr 08 Outlook

By News Robot


Lawrence’s Comment

Recap
Y-1 acted as support so no selloff. Once traded above Y+1, clean sail to pre-crisis level at Y+5 (notice how exact that was). Closed the week by doubling the range of the first 1/2 of the week.

Outlook
Congestion between B-0 and B+1. Daytrading the pair is the preferred strategy over swing trades this week because of the wide range developed.

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