Recap Up drift to 1/2 the breakdown move and then went into consolidation. Closed the week above Y-1 and near midpoint.
Outlook Brexit will affect all majors. Obvious support / resistance zones will be easily breached. Flush low to B-2 / B-3 and snap back points to strong reversal for B+2 play.
Lawrence's Comment
Recap
Cable gapped down and tagged Y-2 first. The stage was set for an up drift back to Y-1. Consolidation week around open instead of previous week close. Closed the ...
Lawrence's Comment
Recap
Higher prices as expected. No pullback, just consolidation before going higher. Closed the week at week high near Y+2.
Outlook
Tagging Y+2 / B+2 area will complete the rally ...
Lawrence's Comment
Recap
The weaknesses observed last week played out well and cable dropped below target Y-1. After 100% absolute range expansion is completed, cable bounced off and closed the ...
USDJPY Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Up drift to 1/2 the breakdown move and then went into consolidation. Closed the week above Y-1 and near midpoint.
Outlook
Brexit will affect all majors. Obvious support / resistance zones will be easily breached. Flush low to B-2 / B-3 and snap back points to strong reversal for B+2 play.
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