Trading Edges That Last
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As Featured In
USDJPY Jul 14 to Jul 18 Outlook
Lawrence’s Comment
Y-0 did not even hold up for half a day. Door opened to Y-1 and below. Retest of Y-0 from below failed and gave us Y-1 in 1 go. Closed the week above Y-1 and below midpoint.
Outlook
Potential reversal last week failed badly. Some support was found below Y-1. We need B-1 to act as support to confirm strength before looking for a bounce to B-0 and above.
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