USDJPY Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected Y+1 was tagged. Y+1 resistance sent ninja back down to Y-0. 50% range bounded all the actions. Closed the week above Y-0 and midpoint.

Outlook
No strong directional hint of any kind as ninja is stuck in this range for months now. On monthly basis though, this is just consolidation after the significant rally. Hence long side has an advantage here.

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