Trading Edges That Last
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USDJPY Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Weakening of USD across all other majors forced ninja to go sideway. Y-0 test from above confirmed support and Y+1 tagged after. Consolidation since. Closed the week above Y-0 and midpoint.
Outlook
Double bottom formation intact but the schedule is tight. It is better for the bullish case to unfold if ninja can move above the swing high over past few weeks quickly. Upside push failing tohold above Y+1 will lead to breakdown play for B-1 and then Y-1.
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