Recap Slided down further and found support at 76 round number area. Rallied by end of the week back up to Y-1 to close the week.
Outlook Need B-0 downto B-1 to act as support, a proper bottom formed in this area should push the pair back up to 77 and eventually challenging Y-0 / B+3 area where the sudden break down started.
Lawrence's Comment
Recap
First half of the week showing signs of reduced range and consolidation behaviour. Then the spike up to challenge Y-0 failed, led to all out melt down. NQ could ...
Lawrence's Comment
Recap
Previous week close resistance sent the pair down to Y-0. Y-0 did not act as support at all gave us test of Y-1. Y-1 also failed to act as ...
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USDJPY Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Slided down further and found support at 76 round number area. Rallied by end of the week back up to Y-1 to close the week.
Outlook
Need B-0 downto B-1 to act as support, a proper bottom formed in this area should push the pair back up to 77 and eventually challenging Y-0 / B+3 area where the sudden break down started.
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