USDJPY May 28 to Jun 01 Outlook

By News Robot

Lawrence’s Comment

Recap
As stated last week, “Early week buy setup above B-1 will send the pair back up to B-0 quickly”. Did it but that’s all we got. Closed the week at midpoint and below Y-0.

Outlook
Inside week with lower midpoint. If it were swinging normally I would say breakout with downside continuation bias.

But it was not normal – 3 news shocks over 2 weeks formed a big triangle. Breakout upside points to quick run to Y+1 / B+2.

Keeping an open mind on this one.

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