Recap Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at Y+1 and above midpoint.
Outlook An up trend is now in place for 4 hours and daily. As long as Y-0 upto B-0 acting as support, one more push higher is likely.
Lawrence's Comment
Recap
FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 ...
Lawrence's Comment
Recap
Took another 50% expansion to finish majority of the shorts. Ninja reacted to Y+2 and stuck there since. Closed the week above Y+1 and midpoint.
Outlook
Initial shock and ...
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USDJPY Aug 26 to Aug 30 Outlook
Lawrence’s Comment
Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at Y+1 and above midpoint.
Outlook
An up trend is now in place for 4 hours and daily. As long as Y-0 upto B-0 acting as support, one more push higher is likely.
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