Lawrence's Comment
Recap
Unfolded exactly as mentioned last week. Consolidation within the prescribed range. A breakout of Y+1 leads to doubling the week's range.
Outlook
As long as B-0 acts as support, Y+2 ...
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USDJPY Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Tight range consolidation around Y-1. Closed the week above Y-1 and midpoint.
Outlook
Retest B+1. If successfully taken out B+1, then B+2 to Y-0 is the target.
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