Trading Edges That Last
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As Featured In
USDJPY Jun 18 to Jun 22 Outlook
Lawrence’s Comment
Consolidation above Y-0 as expected. Originally looked like a breakout to the upside was in the making, until news shock hit late in the week. Got the 200% expansion of the tight range. Closed the week at the low.
Outlook
Short term bullish scenario invalidated. Will be very difficult to trade this week as everyone is aware of the Y-1 / B-2 support area.
As long as B-0 acts as resistance, slight bias towards lower price.
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