Recap Start the week with a pullback to Y-0 and bounced off. The pop failed to go higher and broken below Y-0. 1-2-3 sell triggered with Y-1 target in place since then. Flushed lowered later in the week to Y-1 and stopped when 100% absolute range expansion is reached. Closed the week above Y-1 and below midpoint.
Outlook Daily uptrend about to be broken. As long as B-0 acting as resistance a retest of B-1 is likely.
To defend the daily uptrend, this week must hold Y-1.
Lawrence's Comment
Recap
Dropped to downside target as expected. Consolidation since. Closed the week below Y-1 and near midpoint.
Outlook
The selloff down to Y-2 is just normal reaction to the spike reversal from ...
Lawrence's Comment
Recap
50% range as expected. Consolidation actions. Closed the week near Y-1 and midpoint.
Outlook
The monthly resistance of 100-102 from years ago is now support. Being able to build ...
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USDJPY Nov 12 to Nov 16 Outlook
Lawrence’s Comment
Start the week with a pullback to Y-0 and bounced off. The pop failed to go higher and broken below Y-0. 1-2-3 sell triggered with Y-1 target in place since then. Flushed lowered later in the week to Y-1 and stopped when 100% absolute range expansion is reached. Closed the week above Y-1 and below midpoint.
Outlook
Daily uptrend about to be broken. As long as B-0 acting as resistance a retest of B-1 is likely.
To defend the daily uptrend, this week must hold Y-1.
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