Recap Weekly buying showed up at Y-1. Y+1 tagged but the buying was not strong enough to keep ninja above that. Closed the week below Y+1 and above midpoint.
Outlook Outside week. Y-0 and midpoint near each other. Failed to close above Y+1 indicates there is not enough fuel to go either way. Retest of B-0 likely.
One more move breaking B-0 will easily lead to a test of B-1.
Lawrence's Comment
Recap
Monday price shock failed to force ninja down to Y-2. FBO against Y-1 lead to Y-0 test. Y-0 acted as resistance and sent ninja back down to Y-1. Closed ...
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Lawrence's Comment
Recap
As expected, a bottom was formed early in the week, gave us a run back up to Y-0 and stalled. This can be puzzling for many daytraders but it ...
Lawrence's Comment
Recap
Drifted higher early in the week. Pullback to B-0 and as expected the pair bounced off B-0 as support.
Outlook
B+1 and B+2 are the targets for the coming week. ...
Lawrence's Comment
Recap
Was looking for 2nd consolidation week and got exactly that. Inside week with close below midpoint near Y-0.
Outlook
Coiling up with 2 weeks in a row closing at ...
USDJPY Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Weekly buying showed up at Y-1. Y+1 tagged but the buying was not strong enough to keep ninja above that. Closed the week below Y+1 and above midpoint.
Outlook
Outside week. Y-0 and midpoint near each other. Failed to close above Y+1 indicates there is not enough fuel to go either way. Retest of B-0 likely.
One more move breaking B-0 will easily lead to a test of B-1.
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