USDJPY Jun 04 to Jun 08 Outlook

By News Robot

Lawrence’s Comment

Recap
Breakout to the downside. Completed 200% range expansion then bounced. Closed at Y-3.

Outlook
Back to long term support zone 76-78 again. Consolidation below B-0 is expected with downside bias to tag Y-4 / Y-5.

Will be difficult to trade as we all know BOJ and Japanese government have been quite open about intervention.

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