Recap Higher low was made with a drift up until 100% absolute range reached. Closed the week near Y+1 and above midpoint.
Outlook Instead of forming a good bottom, ninja was forced back up by external factors including intervention by BOJ. This makes the Y-1 bottom dirty and a retest of that is likely if ninja cannot clear B+1 decisively this week.
Lawrence's Comment
Recap
A mysterious week indeed. Despite all factors going against the market, Dow and ES matched straight up clearing their resistances and landed ES at 1500 area. Closed the week ...
Lawrence's Comment
Recap
The expected run towards 1.15 resulted in a spike reversal at Y+2. Closed the week below Y+1 and near week low.
Outlook
Very strong resistance Y+1 / B-0 with ...
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Lawrence's Comment
Recap
Tagging Y-2 in the beginning of the week confirmed our bearish view. Pullback failed to go above Y-1 leading to a push down to Y-3. Closed the ...
Lawrence's Comment
Recap
Got the bottom I was talking about and cable took off to tag Y+2 near the expected upside target for the move. Another easy one for the week. Closed ...
Lawrence's Comment
Recap
Feb close established above Y-0. Sold off after failing to hold above Feb close and tagged B-0 quickly. Y-0 acted as resistance pointing to a test of ...
USDJPY Jul 28 to Aug 01 Outlook
Lawrence’s Comment
Higher low was made with a drift up until 100% absolute range reached. Closed the week near Y+1 and above midpoint.
Outlook
Instead of forming a good bottom, ninja was forced back up by external factors including intervention by BOJ. This makes the Y-1 bottom dirty and a retest of that is likely if ninja cannot clear B+1 decisively this week.
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