Lawrence's Comment
Recap
Aussie tried to hold above Y+1 but failed. That opened the door to Y-1 retest. Got the retest done and bounced off since. Closed the week above midpoint and ...
Lawrence's Comment
Recap
Pushed higher early in the week and then pulled back under Y+1. That staged a drop to Y-0. The surprise was that the supposed pullback turned into ...
Lawrence's Comment
Recap
Held Y-1 as support, took off and tagged Y+1. That part was expected. The failure to go higher than Y+1 leading to a pullback was also expected. ...
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USDJPY Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Y+1 support helped ninja to push straight up to Y+3 breakout target. Closed the week near Y+3 and above midpoint.
Outlook
Initial run probably done. Y+3 resistance will signal a pause to this rally has started. Consolidation after wide range week is normal.
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