Recap More downside as expected but failed to tag Y-2. Just consolidated around Y-1. Closed the week near Y-1 and midpoint.
Outlook Indecision to close near Y-1 means a chance to push back up to B+1. As long as B+1 is acting as resistance more downside is expected. Looking for B-2 to be tagged within 2 weeks.
Lawrence's Comment
Recap
One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And ...
Lawrence's Comment
Recap
Y-0 resistance dropped Dow to Y-1 and then Y-2. Found support at Y-2 and zoomed back up to Y-1 and NFP Friday took Dow up to Y+1.
Outlook
Not ...
Lawrence's Comment
Recap
We got the down side target right at the start of the week. Excuse to go lower immediately used up. Dow drifted higher since. Not even ECB news can ...
USDJPY Apr 01 to Apr 05 Outlook
Lawrence’s Comment
More downside as expected but failed to tag Y-2. Just consolidated around Y-1. Closed the week near Y-1 and midpoint.
Outlook
Indecision to close near Y-1 means a chance to push back up to B+1. As long as B+1 is acting as resistance more downside is expected. Looking for B-2 to be tagged within 2 weeks.
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