Lawrence’s Comment
Outlook To go long we need a confirmed bottom, B+1 has to be taken out with B-0 acting as support.
Short side will be difficult to trade from this level because it is sitting at the extreme level where G8 intervention happened last time.
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USDJPY Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Bearish drift to new low below Y-1. Tight range. Closed below midpoint.
Outlook
To go long we need a confirmed bottom, B+1 has to be taken out with B-0 acting as support.
Short side will be difficult to trade from this level because it is sitting at the extreme level where G8 intervention happened last time.
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