Recap Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook Rally was a result of low volume stop run. B-0 down to Y-0 has to be refilled to build a better bottom if Ninja wants to go higher. Holiday mode means mainly tight range sideway action.
Lawrence's Comment
Recap
Y-0 acted as support on first test but failed to hold up loonie afterwards, that opened the door to tag Y-1 and Y-2. Closed the week near Y-2.
Outlook
The ...
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Lawrence's Comment
Recap
Y-1 failed to act as resistance giving us FBO against Y-1 and opened the door to Y+1. Y+1 cleared and Y+3 reversal breakout target tagged. Closed the week above ...
USDJPY Dec 23 to Dec 27 Outlook
Lawrence’s Comment
Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook
Rally was a result of low volume stop run. B-0 down to Y-0 has to be refilled to build a better bottom if Ninja wants to go higher. Holiday mode means mainly tight range sideway action.
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