Recap Clean swing from Y-1 as support, breaking the resistance at Y-0 and gave us the breakout we are looking for. Y+3 target tagged. Closed the week at week high and above Y+3. The best trade last week.
Outlook As mentioned many times before, 78 is an important long term support. Once again it has defended the long term reversal started from last year.
From here onward, as long as Y+1 / B-0 stays as support, looking for long only.
Lawrence's Comment
Recap
As expected Dow drifted up first last week. Once the Y+2 target is tagged, selling piled on and closed the week tagging close of the week prior to ...
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Lawrence's Comment
Recap
Y+1 acted as resistance and sold off to target zone mentioned last week. Closed the week above midpoint.
Outlook
Y+1 and B+1 is now key price level to break thru ...
USDJPY Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Clean swing from Y-1 as support, breaking the resistance at Y-0 and gave us the breakout we are looking for. Y+3 target tagged. Closed the week at week high and above Y+3. The best trade last week.
Outlook
As mentioned many times before, 78 is an important long term support. Once again it has defended the long term reversal started from last year.
From here onward, as long as Y+1 / B-0 stays as support, looking for long only.
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