Trading Edges That Last
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As Featured 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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