Recap Consolidation in 1st half of the week as expected. Spike to the upside paved way to Y+2 and then the breakout carried ninja to the target. Closed the week at Y+2.
Outlook Bull swing in full force will continue until at least one week pulling back to B-1 first.
Again, looking for consolidation around B+1 with slight bias towards a pullback to B-0.
Lawrence's Comment
Recap
Drop to Y-2 as expected. Y-2 / 4400 strong support points to Y-1 retest. Then the rumors about Greece surfaced and had driven NQ back up to Y-0. By ...
Lawrence's Comment
Recap
As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook
As long as Y-1 acts ...
USDJPY Feb 04 to Feb 08 Outlook
Lawrence’s Comment
Consolidation in 1st half of the week as expected. Spike to the upside paved way to Y+2 and then the breakout carried ninja to the target. Closed the week at Y+2.
Outlook
Bull swing in full force will continue until at least one week pulling back to B-1 first.
Again, looking for consolidation around B+1 with slight bias towards a pullback to B-0.
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