USDJPY Aug 12 to Aug 16 Outlook

By News Robot

Lawrence’s Comment

Recap
Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.

Outlook
3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.

As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.

Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.

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