Recap Popped back up to Y+1 as expected. Closed above Y-0 and near midpoint.
Outlook Long term bottom in place so this is part of the long term process of building a bottom. Buying pullbacks in general will work better than looking for shorts.
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Lawrence's Comment
Recap
Bearish drift to new low below Y-1. Tight range. Closed below midpoint.
Outlook
To go long we need a confirmed bottom, B+1 has to be taken out with B-0 acting ...
USDJPY Dec 19 to Dec 23 Outlook
Lawrence’s Comment
Popped back up to Y+1 as expected. Closed above Y-0 and near midpoint.
Outlook
Long term bottom in place so this is part of the long term process of building a bottom. Buying pullbacks in general will work better than looking for shorts.
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