Recap As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week below Y-1 and midpoint.
Outlook 2nd leg on daily pullback in progress. As long as Y-0 to B-0 acting as resistance more downside is expected.
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Lawrence's Comment
Recap
Euro found resistance exactly at where I expected. Easiest play last week. Sold off since Y+1 was rejected and continue to weaken. Closed the week below Y-1 and near ...
USDJPY Jan 27 to Jan 31 Outlook
Lawrence’s Comment
As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week below Y-1 and midpoint.
Outlook
2nd leg on daily pullback in progress. As long as Y-0 to B-0 acting as resistance more downside is expected.
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