Lawrence's Comment
Recap
See comments on Dow on how a tricky bottom was formed. That produced a short term 3 pushes low pointing to gap fill above that is mostly completed ...
Lawrence's Comment
Recap
Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low.
Outlook
More downside ...
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USDJPY May 23 to May 27 Outlook
Lawrence’s Comment
Consolidation actions between Y-0 and Y+1. Ledge breakout upside gave us 100% of tight range. Closed the week above Y+1 and midpoint.
Outlook
Rising wedge with support at B-0. Breaking below will give us a pullback to Y-0 and below.
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