Recap Quick rally to clear the resistance above confirming strength. Y-0 support gave us an updrift to 120 round number. Since then ninja breakout above and reached normal bullish target of Y+2. Closed the week near Y+2 and week high.
Outlook Signs of short sequeeze meaning a pullback can happen anytime now. main support is below Y+1 where the pocket is.
Lawrence's Comment
Recap
First test of year high led to a pullback to Y-0 but no break of support. 2nd try did the trick and sent ninja to above Y+2. That in ...
Lawrence's Comment
Recap
Euro held its support and drifted higher since. Another tight range week. Closed the week above Y-0 and midpoint.
Outlook
2nd tight range week in a row gives us breakout mode. ...
USDJPY Oct 26 to Oct 30 Outlook
Lawrence’s Comment
Quick rally to clear the resistance above confirming strength. Y-0 support gave us an updrift to 120 round number. Since then ninja breakout above and reached normal bullish target of Y+2. Closed the week near Y+2 and week high.
Outlook
Signs of short sequeeze meaning a pullback can happen anytime now. main support is below Y+1 where the pocket is.
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