Recap Broken below Y-0 early in the week, points to a push towards Y-1. We got the drop later in the week but Y-1 was not tagged as news shock sent ninja back to Y-0 area at once. Stuck at Y-0 afterwards. Closed the week near Y-0 and midpoint.
Outlook Midpoint at the same area 2 weeks in a row. Inside week. Breakout mode in play. We all know BOJ will intervene if ninja drop back down. That puts B-1 and below into high risk zone for shorts.
Looking for convincing action to jump on the long side.
Lawrence's Comment
Recap
Dow tried to hold the prior support zone but failed. Flushed down to 16300 round number and defended the level. The quick snap back up gave us a go ...
Lawrence's Comment
Recap
Bullish scenario unfolded as Y+1 tagged first with Y-0 support leading to a run to Y+2. Option expiration Friday even jumped NQ to Y+3 by open yet failed to ...
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USDJPY Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Broken below Y-0 early in the week, points to a push towards Y-1. We got the drop later in the week but Y-1 was not tagged as news shock sent ninja back to Y-0 area at once. Stuck at Y-0 afterwards. Closed the week near Y-0 and midpoint.
Outlook
Midpoint at the same area 2 weeks in a row. Inside week. Breakout mode in play. We all know BOJ will intervene if ninja drop back down. That puts B-1 and below into high risk zone for shorts.
Looking for convincing action to jump on the long side.
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