Trading Edges That Last
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As Featured In
USDJPY Aug 04 to Aug 08 Outlook
Lawrence’s Comment
Ninja cleared Y+1 decisively giving us a run to Y+3 target. Ninja did not stop until Y+4 is tagged. Consolidation above Y+3 failed to hold up. Spike and ledge top was formed and dropped to Y+2. Closed the week above Y+2 and midpoint.
Outlook
Wide range week with weak close near midpoint. Consolidation is expected between Y+1 and Y+3. Spike and ledge target Y+1.
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