Recap A higher high and higher low on weekly finally formed.
Outlook As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place. Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
Lawrence's Comment
Recap
No breakout as euro is trapped within previous week tight range. Closed the week below Y-0 and midpoint.
Outlook
Bear flag breakout to the downside on daily points to ...
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 ...
USDJPY Nov 28 to Dec 02 Outlook
Lawrence’s Comment
A higher high and higher low on weekly finally formed.
Outlook
As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place.
Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
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