Lawrence's Comment
Recap
Initial selloff to the downside was rejected with all out short squeeze. Clear Y-0 support sending the pair to close near the high of the week.
Outlook
As stated last ...
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Lawrence's Comment
Recap
Unfolded exactly as mentioned last week. Consolidation within the prescribed range. A breakout of Y+1 leads to doubling the week's range.
Outlook
As long as B-0 acts as support, Y+2 ...
USDJPY Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Previous week close support helped sending ninja higher. Consolidation week actions since. Closed the week near Y+1 and midpoint.
Outlook
Consolidation around Y+1 after a strong rally is bullish. As long as B-2 / Y-0 holds up, retest of B+1 likely.
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