Recap Although yen spiked in the middle of the week, it ended up closing around close of the week prior to last week. 200% absolute range expansion completed.
Outlook Upside breakout rejected. Will be difficult to go any higher unless B+1 is zoomed through.
Sideway market expected until US Labor Day holiday is over.
Bloomberg just revealed the allegation made by New York regulators against Deutsche Bank. http://www.bloomberg.com/news/2014-12-10/ny-regulator-said-to-probe-deutsche-bank-barclays-fx-algorithms.html?hootPostID=c3a0b99fe1cf5f2d282303c2f5580895 This is what you get when the bank created the bot in the first ...
Lawrence's Comment
Recap
Gap up above Y+1 leading to all out short squeeze. The extended target of Y+4 was tagged. Closed the week above Y+3.
Outlook
Right above B+1 is our 2X ...
USDJPY Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Although yen spiked in the middle of the week, it ended up closing around close of the week prior to last week. 200% absolute range expansion completed.
Outlook
Upside breakout rejected. Will be difficult to go any higher unless B+1 is zoomed through.
Sideway market expected until US Labor Day holiday is over.
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