Recap Swinged higher. Exceeded upside expectation and consolidated above Y+1. Closed the week near Y+1 and below midpoint.
Outlook Did not make it to Y+2 and tight range for the week points to the need of time to absorb the upswing. May fall back down to B-3 but not necessary. The full impact of Japan’s planned monetary base 100% expansion is still not fully understood by the world thus more time is needed.
Overall bias is more upside for the long term as the move chosen by BOJ and Japanese government will finally destroy their economy completely.
Lawrence's Comment
Recap
Y-1 rejected in the beginning of the week leading to a run to Y-0 / open gap resistance zone. Dow failed to stay above Y-0 giving us a go ...
Lawrence's Comment
Recap
False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. ...
Lawrence's Comment
Recap
ES got the down channel resistance and sold off from there. Monday low acted as support for one day and gave in on 2nd test. Closed the week below ...
USDJPY Apr 15 to Apr 19 Outlook
Lawrence’s Comment
Swinged higher. Exceeded upside expectation and consolidated above Y+1. Closed the week near Y+1 and below midpoint.
Outlook
Did not make it to Y+2 and tight range for the week points to the need of time to absorb the upswing. May fall back down to B-3 but not necessary. The full impact of Japan’s planned monetary base 100% expansion is still not fully understood by the world thus more time is needed.
Overall bias is more upside for the long term as the move chosen by BOJ and Japanese government will finally destroy their economy completely.
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