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Lawrence's Comment
Recap
As expected, ninja retested Y-1. Yet, it failed to hold above Y+1 as support, leading to retest of Y-0 / previous week close. Consolidated since. Closed the week below ...
Lawrence's Comment
Recap
As expected Ninja popped slightly higher and stalled. Consolidation with 50% range. Closed the week above Y-0 and belo w midpoint.
Outlook
It takes time to absorb the rally. ...
Lawrence's Comment
Recap
Quick steep pullback in the beginning of the week. Then pre-Brexit weekly close acted as support and led to test of Y+1. 2nd attempt at Y+1 cleared the resistance ...
USDJPY Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Y-1 tested led to a run for Y+1. Y+1 also rejeted. Closed the week above Y-0 and midpoint.
Outlook
Inside week gives us breakout mode. Targets B+3 and B-3.
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