Recap The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint.
Outlook 2nd week stair step rally driven by jawboning. This won’t last as a rising wedge is forming. Breaking below B-0 will start a drop to B-2 / Y-1 support.
Lawrence's Comment
Recap
Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. ...
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Lawrence's Comment
Recap
Congestion. Stuck at 50% week range around Y+1. Closed the week above Y+1.
Outlook
Way stronger comparing to Dow or S&P. Definitely bullish as Y+1 was defended.
Only way to send ...
USDJPY Nov 17 to Nov 21 Outlook
Lawrence’s Comment
The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint.
Outlook
2nd week stair step rally driven by jawboning. This won’t last as a rising wedge is forming. Breaking below B-0 will start a drop to B-2 / Y-1 support.
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