USDJPY May 04 to May 08 Outlook

Lawrence's Comment Recap The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down ...

Lawrence's Comment Recap Sold off in the beginning of the week, yet the gap from last year acted as strong support. Sellers forced to give up. Rising wedge all week since. Closed ...

Lawrence's Comment Recap Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a flush ...

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Lawrence's Comment Recap Congestion between Y-0 and Y+1 as expected. Outlook It is obvious that aussie is having difficulty in getting to Y+1. A turn down from B+1 implies a quick test ...

Lawrence's Comment Recap Test of Y+1 led to breakout to the upside. Breakout target Y+3 was tagged by the end of the week. Closed the week above Y+2 and near week high. ...