USDJPY Aug 27 to Aug 31 Outlook

By News Robot

Lawrence’s Comment

Recap
Pushed higher early in the week and then pulled back under Y+1. That staged a drop to Y-0. The surprise was that the supposed pullback turned into full break down until 100% absolute range expansion was reached.

Outlook
Very odd breakdown due to news shock. Unless price can push back above Y-0 / B-0, short term longs are trapped.

More weaknesses expected this coming week.

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