Recap Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook Inside week points to breakout play is in order. Original trend was down before entering the tight range weeks so downside has an advantage. FBO against Y-1 / B-1 can lead to a spike reversal back up to Y+3 quickly.
Lawrence's Comment
Recap
Failed to clear Y-0 resistance. Gapped down to below Y-2 and flushed down to Y-3 before a bottom is found. Closed the week below Y-3 and near week low.
Outlook
Spike ...
Lawrence's Comment
Recap
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to ...
Lawrence's Comment
Recap
Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2.
Outlook
Slow ...
USDJPY Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout play is in order. Original trend was down before entering the tight range weeks so downside has an advantage. FBO against Y-1 / B-1 can lead to a spike reversal back up to Y+3 quickly.
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