Recap The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint.
Outlook 2nd week stair step rally driven by jawboning. This won’t last as a rising wedge is forming. Breaking below B-0 will start a drop to B-2 / Y-1 support.
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Lawrence's Comment
Recap
The bear flag mentioned last time worked out and dropped ninja down to Y-2 where the 98 boundary is. Closed the week below midpoint and below Y-1.
Outlook
2nd leg of ...
Lawrence's Comment
Recap
Sold off early in the week but failed to tag Y-2. More b.s. coming from Greece forced a wild short squeeze mid week back up to the ...
USDJPY Nov 17 to Nov 21 Outlook
Lawrence’s Comment
The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint.
Outlook
2nd week stair step rally driven by jawboning. This won’t last as a rising wedge is forming. Breaking below B-0 will start a drop to B-2 / Y-1 support.
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