Recap Ninja attempted to hold Y-1 but capped by 118 round number. Eventually flushed down to equal distance from previous week close. Closed the week below Y-1 and midpoint.
Outlook Y-1 / B-0 resistance until proven otherwise. Slingshot move from below B-1 back up to B+1 points to B+3 in play.
Lawrence's Comment
Recap
Y-1 breached on 2nd try sending euro down to Y-2. Closed the week below Y-2.
Outlook
Weaknesses continue. As long as B-0 acts as resistance, more downside is expected.
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Lawrence's Comment
Recap
Consolidation expectation was correct with ninja dropped back down near Y-1 at the support area mentioned last week. Bounce from support failed to clear Y-0 led to another drop ...
Lawrence's Comment
Recap
Double fun with euro last week. 1.39 cleared early in the week, gave us a 100% absolute range expansion to right below 1.4 hard resistance which is also the ...
USDJPY Jan 18 to Jan 22 Outlook
Lawrence’s Comment
Ninja attempted to hold Y-1 but capped by 118 round number. Eventually flushed down to equal distance from previous week close. Closed the week below Y-1 and midpoint.
Outlook
Y-1 / B-0 resistance until proven otherwise. Slingshot move from below B-1 back up to B+1 points to B+3 in play.
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