Recap Y-0 did not act as support, so no fuel to go higher. Consolidation week closing below Y-0 and midpoint.
Outlook 3rd week of compression in place. Breakout of this range will be explosive. As long as Y-0 / B-0 acting as resistance, the bear flag can lead to a violent flush to Y-1 / B-2 as the first breakout attempt.
Lawrence's Comment
Recap
Y+1 cleared without tagging Y-0 led to breakout push towards Y+3. Thin channel however failed to hold up after the last push and collapsed back down to the crime ...
Lawrence's Comment
Recap
Got the breakout we asked for. Aussie dropped below Y-1 and tagged Y-3 quickly. But there was no test of Y-1 as resistance at all. The pair simply ...
Lawrence's Comment
Recap
Easy one of the week. Beautiful bull flag / channel break as expected. Went straight for November high. Closed the week above Y+1 and near week high.
Outlook
Wide ...
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Lawrence's Comment
Recap
Option expiration week locked Dow around Y+1 even though the mid week pop tried hard to force Dow to go much higher. Closed the week above midpoint and Y+1.
Outlook
Seasonal ...
USDJPY Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Y-0 did not act as support, so no fuel to go higher. Consolidation week closing below Y-0 and midpoint.
Outlook
3rd week of compression in place. Breakout of this range will be explosive. As long as Y-0 / B-0 acting as resistance, the bear flag can lead to a violent flush to Y-1 / B-2 as the first breakout attempt.
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