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Lawrence's Comment
Recap
Euro moved lower and made a flush at 1.34 instead of 1.33. Stayed tight range and reversed higher late in the week. Closed near Y-1 and above midpoint.
Outlook
A temporary ...
USDJPY Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Previous week close support helped sending ninja higher. Consolidation week actions since. Closed the week near Y+1 and midpoint.
Outlook
Consolidation around Y+1 after a strong rally is bullish. As long as B-2 / Y-0 holds up, retest of B+1 likely.
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