Recap Best move of the week. Held the support I was looking for hence daily uptrend defended. Short term shorts all fried on news shock. Sometimes we have to wonder how do they coordinate these things. Closed the week near Y+2 target and week high.
Outlook Cleared resistance 80 and now that has to turn into support.
Looking for swing long as long as B-0 is not breached.
Lawrence's Comment
Recap
No bounce from Y-1. Re-entered the down channel and collapsed to Y-5 before the pair can find any support at all.
Outlook
Down channel re-enforced itself on the pair again ...
Lawrence's Comment
Recap
Bearish drift to new low below Y-1. Tight range. Closed below midpoint.
Outlook
To go long we need a confirmed bottom, B+1 has to be taken out with B-0 acting ...
USDJPY Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Best move of the week. Held the support I was looking for hence daily uptrend defended. Short term shorts all fried on news shock. Sometimes we have to wonder how do they coordinate these things. Closed the week near Y+2 target and week high.
Outlook
Cleared resistance 80 and now that has to turn into support.
Looking for swing long as long as B-0 is not breached.
Beyond 82 the next upside target is 86.
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