Recap Previous week close resistance dropped ninja back down to Y-0. Attempt to hold above 120 failed and led to further pullback down to below 119. Closed the week near Y-0 and week low.
Outlook Inside week with close near Y-0 can be the sign of reaching equilibrium. As many players flushed out of positions 2 weeks ago. It is not clear which direction ninja will go until long term players taking a side. Wait and see mode.
Lawrence's Comment
Recap
Was looking for a breakout and it turned into another tight range week consolidating around Y+1. Closed the week near Y+1 and at midpoint.
Outlook
Potential breakout failure ...
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Lawrence's Comment
Recap
Warned in my premium member newsletter special update that extreme wild swings were expected last week. Also warned here last week that whiplash coming. We got wild swings in ...
USDJPY Sep 07 to Sep 11 Outlook
Lawrence’s Comment
Previous week close resistance dropped ninja back down to Y-0. Attempt to hold above 120 failed and led to further pullback down to below 119. Closed the week near Y-0 and week low.
Outlook
Inside week with close near Y-0 can be the sign of reaching equilibrium. As many players flushed out of positions 2 weeks ago. It is not clear which direction ninja will go until long term players taking a side. Wait and see mode.
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