Lawrence's Comment
Recap
Wild swing all week. Y+1 FBO gave us a drop to Y-0. Y-0 support gave us the perfect excuse to run this up to 1.14 target. Y+2 resistance sent ...
Lawrence's Comment
Recap
Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint.
...
Recap of last week Breakout upside. First 50% upside target of previous week range worked out. The 50% upside target of previous month range was almost tagged and stalled ...
Lawrence's Comment
Recap
Sold off to below 1.30 triggered intervention by spreading rumors and speculative news again. Closed the week below Y-0 and above midpoint.
Outlook
Below 1.30 is rejected due to ...
USDJPY Jan 23 to Jan 27 Outlook
Lawrence’s Comment
Got the upside breakout we are looking for. Closed the week back down at midpoint above Y-0.
Outlook
Need Y-0 to act as support and rally above Y+1 again. Successfully rally from this zone points to minimum target of B+2.
Failure to hold above Y-0 points to further consolidation around Y-1 to Y+1.
Share