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Lawrence's Comment Recap Y-0 held as support, zoomed higher at the end of the week to Y+2 and above as expected. Closed the week above Y+2 and midpoint. Outlook The last part of the ...READ MOREGBPUSD Mar 29 to Apr 02 Outlook3DP Odds Table (USDJPY) 2017-06-16Intraday Cycle Projection (USDJPY) 2012-04-02USDCAD Jun 07 to Jun 11 Outlook3DP Odds Table (USDJPY) 2016-12-093DP Odds Table (USDJPY) 2015-10-23Intraday Cycle Projection (USDJPY) 2017-05-31USDJPY Jun 11 to Jun 15 OutlookEURUSD Jun 10 to Jun 14 OutlookGBPUSD Oct 17 to Oct 21 Outlook
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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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