Lawrence's Comment
Recap
Aussie bounced with the rest of the majors due to dovish expectation / rumors all week. As expected, Y-0 was tested aftter Y-1 acted as support. Wild swings around ...
Lawrence's Comment
Recap
Aussie rising wedge turned into a thin up channel leaning on Y-0 support. Normal upside target Y+2 tagged. Closed the week above Y-0 and below midpoint.
Outlook
Potential break ...
Lawrence's Comment
Recap
Weakening of USD across all other majors forced ninja to go sideway. Y-0 test from above confirmed support and Y+1 tagged after. Consolidation since. Closed the week above Y-0 ...
USDJPY Feb 11 to Feb 15 Outlook
Lawrence’s Comment
Consolidation around Y+1 as expected. Twice pulling back to Y-0 and failed to tag it. Closed the week below Y+1 and midpoint.
Outlook
If ninja can clear B-0 / Y+1 quickly early next week, another rush higher to Y+2 / B+2 zone is likely.
Failing to go higher next week will stage a stronger pullback to B-2 and eventually B-3.
Share