Recap The bearish expectation unfolded. Y-1 breached with Y-2 almost tagged. Bounced to Y-0 but failed to hold above Y-1. Closed the week below Y-1 and midpoint.
Outlook As explained last week, the weaknesses is expected because of the importance of 120-121, a pullback to Y-3 is more likely than not. Until ninja can clear Y-0 again a short term down trend in the making.
Lawrence's Comment
Recap
Flushed to downside target as mentioned last week and the expected pause started. Sideway actions all week at 50% range. Closed the week near Y-1 and above midpoint.
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ContentReviewEuro on Its Way to Find Its Long Term BottomS&P Down Trend EstablishedGold Upside BreakoutBitcoin Struggling to Form a Bottom10-Year Note Yield SmashedBig Picture SummaryReviewEuro not able to clear the ...
Lawrence's Comment
Recap
Y-0 did not act as resistance and NQ lifted ES up breaking above Y+1. That gives way to our normal upside target of Y+2. Y+2 was tagged ...
USDJPY Jan 12 to Jan 16 Outlook
Lawrence’s Comment
The bearish expectation unfolded. Y-1 breached with Y-2 almost tagged. Bounced to Y-0 but failed to hold above Y-1. Closed the week below Y-1 and midpoint.
Outlook
As explained last week, the weaknesses is expected because of the importance of 120-121, a pullback to Y-3 is more likely than not. Until ninja can clear Y-0 again a short term down trend in the making.
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