Recap Beautiful breakout to the upside from support zone as expected. Stop run beyond Y+2 took ninja up to 200% range expansion. Closed the week above Y+3 and near week high.
Outlook More upside is expected with BOJ potentially jawboning the market when ninja hits 123. Consolidation around B+1 will still be very volatile in nature.
Lawrence's Comment
Recap
As expected, Aussie stalled at the resistance mentioned last week and flushed back down to below Y-1. Closed the week near week low and below Y-1.
Outlook
Aussie has dropped relatively ...
Lawrence's Comment
Recap
Did not retest Y-1. Instead, holding at Y-0 and breakout of Y+1, triggering the target of Y+3. Closed the week above Y+3.
Outlook
This week due to the S&P downgrade, ...
USDJPY Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Beautiful breakout to the upside from support zone as expected. Stop run beyond Y+2 took ninja up to 200% range expansion. Closed the week above Y+3 and near week high.
Outlook
More upside is expected with BOJ potentially jawboning the market when ninja hits 123. Consolidation around B+1 will still be very volatile in nature.
Share