Lawrence’s Comment
Recap Y-0 acted as support in the beginning of the week. Set the stage to challenge Y+1. 2nd swing took out Y+1 and Y+2. Closed above Y+1.
Outlook
As long as Y+1 and B-0 acts as support, more upside in coming 2 weeks.
As long as the pair stays above B-1, long term bottom intact.
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USDJPY May 23 to May 27 Outlook
Lawrence’s Comment
Y-0 acted as support in the beginning of the week. Set the stage to challenge Y+1. 2nd swing took out Y+1 and Y+2. Closed above Y+1.
Outlook
As long as Y+1 and B-0 acts as support, more upside in coming 2 weeks.
As long as the pair stays above B-1, long term bottom intact.
Share