Recap Text book pullback to Y-0 and rallied to 200% expansion target. Hope everyone who have read the outlook from last week hopped on the train.
Outlook B+1 is target zone for multiple timeframes (daily, weekly, monthly). Thus retracement is expected on this pair. How far it is going to pullback will tell us the strength of this pair. If this coming week it stays at Y+2 or above, another leg taking it higher is expect.
Lawrence's Comment
Recap
Ninja found support below Y-1 as expected and took off back up to the price level before its breakdown swing the week before. FOMC decision caused wild swing in ...
Lawrence's Comment
Recap
Did not comment on euro last week due to technical issues with the post not added proper. Y+1 acted as resistance leading to a quick break below ...
Lawrence's Comment
Recap
Y-0 support as expected and sent NQ up to near Y+1. NQ failed to clear the former support zone, forced it back down to test Y-0. Fed minutes released ...
Lawrence's Comment
Recap
Y-1 FBO led to a bounce back up to resistance below Y-0. 2nd attempt at Y-1 gave us a clean drop to below Y-2 and 100% absolute range expansion ...
USDJPY Feb 14 to Feb 18 Outlook
Lawrence’s Comment
Text book pullback to Y-0 and rallied to 200% expansion target. Hope everyone who have read the outlook from last week hopped on the train.
Outlook
B+1 is target zone for multiple timeframes (daily, weekly, monthly). Thus retracement is expected on this pair. How far it is going to pullback will tell us the strength of this pair. If this coming week it stays at Y+2 or above, another leg taking it higher is expect.
Share