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.
Lawrence's Comment
Recap
Pullback as expected yet Y-0 support led to breakout to the upside with a run to print week high. Closed the week above Y-0 and midpoint.
Outlook
Potential complex ...
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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