USDJPY May 04 to May 08 Outlook

By News Robot

Lawrence’s Comment

Recap
Test of Y-1 as expected. It holds so we get a run back up. Y+1 tagged by end of the week. Closed the week near Y+1 and week high.

Outlook
Outside reversal week is bullish. Y+2 in play early next week as long as Y+1 acting as support. Pull back to B-0 is possible but not necessary.

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