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 a base at this level means first target upside at Y-0 / B+2 is likely.
Lawrence's Comment
Recap
Bear flag breakdown gave us Y-1 and below as expected. Y-2 tagged and consolidation between Y-1 and Y-2 since. Closed the week below Y-1 and midpoint.
Outlook
B-1 retest ...
Lawrence's Comment
Recap
Ninja rejected Y+1 decisively giving us Y-0 quickly. Since then previous week close also turned into resistance giving us a go for Y-1. Y-1 tagged later in the week. ...
Lawrence's Comment
Recap
Essentially rallied the whole week as expected. Rallied from Y-1 to Y+2 target. Made new high for the year by close.
Outlook
Weekly new high for the year on close ...
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USDJPY Aug 08 to Aug 12 Outlook
Lawrence’s Comment
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 a base at this level means first target upside at Y-0 / B+2 is likely.
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