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.
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Lawrence's Comment
Recap
As expected, cable price trapped between Y-1 to Y+1. Attempt to break lower failed then higher high and higher low swinged cable back up to almost Y+1. Closed the ...
Lawrence's Comment
Recap
Y+1 did nothing at all in stopping Dow from going higher. The next higher resistance at around 13050 was blasted thru after shorts was trapped by the bearish ...
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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