Trading Edges That Last
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As Featured In
USDJPY Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Nailed this one as early in the week it popped above Y+1 quickly setting the stage for a run to at least Y+2. Rallied all the way to almost Y+3 before it stopped. Closed the week near week high and above Y+2.
Outlook
Easy trade on this long last week. Only thing is that it failed to tag Y+3 meaning it is not as strong as it looks. Consolidation around B+1 with upside bias for the coming week is expected.
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