Recap Consolidation around the closing price as expected. It is within the 100% range of the week before last too. Closed the week below Y-1 and above midpoint.
Outlook The range matching that of the one before the breakout points to strong continuation potential. Should euro bounces, ninja is the exit point of the international money flow which points to much higher price level quickly. 1.06 is next stop on weekly.
Lawrence's Comment
Recap
Unlike euro that has ECB defending the price level in the beginning of the week, cable was falling normally as expected back down to Y-1. Then the ...
Lawrence's Comment
Recap
Whatever excuses the analysts pointing out that you can go long ninja last week are just excuses. They do not have a clue that the consolidation phase ...
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USDJPY Sep 01 to Sep 05 Outlook
Lawrence’s Comment
Consolidation around the closing price as expected. It is within the 100% range of the week before last too. Closed the week below Y-1 and above midpoint.
Outlook
The range matching that of the one before the breakout points to strong continuation potential. Should euro bounces, ninja is the exit point of the international money flow which points to much higher price level quickly. 1.06 is next stop on weekly.
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