Lawrence's Comment
Recap
Y-0 failed to act as support when the pair staged a 1-2-3 sell to break below Y-0. The normal target of Y-1 was tagged mid week. Closed the ...
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USDJPY Jun 16 to Jun 20 Outlook
Lawrence’s Comment
Ninja failed to hold its support. The door to Y-1 opened. 100% absolute range expansion ended the drop. Closed the week below Y-0 and midpoint.
Outlook
A shallow pullback turned into down channel. The channel would not last. A break above B-0 points to retest of B+1 and higher.
Y-1 has a good chance to be retested first even if ninja is turning bullish.
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