Lawrence's Comment
Recap
Hands off recommendation was spot on. Consolidation in tight range between Y-0 and Y-1. Closed the week below Y-0 and near midpoint.
Outlook
Inside week tight range and close ...
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Lawrence's Comment
Recap
Consolidation as expected. 50% previous week range around Y-0. Closed above Y-0 and midpoint.
Outlook
As mentioned last week, "it looks like weekly level pullback but should be treated as consolidation". ...
USDJPY Nov 24 to Nov 28 Outlook
Lawrence’s Comment
Y-0 acted as support sending ninja straight up to Y+2. Rising wedge turned into full blown up channel. Closed the week above Y+1 and midpoint.
Outlook
A pocket at Y+1 is now formed. As long as ninja fails to clear B+1, the pocket and B-1 are in play.
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