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Lawrence's Comment
Recap
Euro consolidated between Y+2 (the crime scene before the last flush) and Y-0 (wedge breakout support). Y+1 / 1.10 did not act as support hence no short term trend ...
Lawrence's Comment
Recap
Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. ...
USDJPY Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Quick fall early in the week due to news shock. Then struggled to hold and failed to go above Y-0. Closed the week above Y-0 but below midpoint.
Outlook
Indecision. Need B-0 turning into support as evidence that it is ready to go higher. Otherwise sideway likely.
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