Recap As expected, Y-0 resistance with a test of Y-1 after flat line action in the beginning of the week. Closed the week near Y-1 and week low.
Outlook Weekly support below 122. If ninja is in its weekly consolidation, 122 will be tested and reactions there will tell us if the weekly up trend can resume.
Lawrence's Comment
Recap
Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening the ...
Lawrence's Comment
Recap
Bearish bias worked out. Y-0 resistance sent Aussie down to Y-2 normal target. Closed the week near Y-2 and week low.
Outlook
Y-3 target is still in play. Y-1 ...
USDJPY Jun 22 to Jun 26 Outlook
Lawrence’s Comment
As expected, Y-0 resistance with a test of Y-1 after flat line action in the beginning of the week. Closed the week near Y-1 and week low.
Outlook
Weekly support below 122. If ninja is in its weekly consolidation, 122 will be tested and reactions there will tell us if the weekly up trend can resume.
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