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.
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Lawrence's Comment
Recap
Higher prices as expected. No pullback, just consolidation before going higher. Closed the week at week high near Y+2.
Outlook
Tagging Y+2 / B+2 area will complete the rally ...
Lawrence's Comment
Recap
Sold off to B-2 as expected early in the week. Rallied all the way back to challenge Y-0 and failed. Closed the week at midpoint and above Y-1.
Outlook
ES ...
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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