Recap Text book pullback to Y-0 and rallied to 200% expansion target. Hope everyone who have read the outlook from last week hopped on the train.
Outlook B+1 is target zone for multiple timeframes (daily, weekly, monthly). Thus retracement is expected on this pair. How far it is going to pullback will tell us the strength of this pair. If this coming week it stays at Y+2 or above, another leg taking it higher is expect.
Lawrence's Comment
Recap
Drifted back to Y-0 as expected, failed to hold the zone led to a quick selloff of 100% absolute expansion andbounced off right there. Closed the week ...
USDJPY Feb 14 to Feb 18 Outlook
Lawrence’s Comment
Text book pullback to Y-0 and rallied to 200% expansion target. Hope everyone who have read the outlook from last week hopped on the train.
Outlook
B+1 is target zone for multiple timeframes (daily, weekly, monthly). Thus retracement is expected on this pair. How far it is going to pullback will tell us the strength of this pair. If this coming week it stays at Y+2 or above, another leg taking it higher is expect.
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