Trading Edges That Last
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USDJPY Feb 27 to Mar 02 Outlook
Lawrence’s Comment
Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get to the upside target.
Outlook
Tagging Y+3 likely in the beginning of the week.
Weaknesses at that area points to a pullback back to B-0.
As mentioned many times here, was looking for a long term bottom for this pair and the breaking of 80 area confirmed that. Low 90s is the long term target.
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