Recap Ninja breakout to the upside right from the beginning of the week. It then drifted higher to above 100 before sold off violently. Closed the week below midpoint and above Y+1.
Outlook The run to Y+2 and above confirmed the break of the down trend on daily. As long as B-1 is acting as support, a retest of B+1 is likely.
Lawrence's Comment
Recap
The critical support level failed and slided towards my target. Picture perfect FBO on weekly and monthly level. Closed the week below Y-2.
Outlook
If Y-3 is tagged early ...
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Lawrence's Comment
Recap
Bullish consolidation until news shock hit. ES chooses to go higher and zoomed 100% of the range before the news. Closed the week above Y+1 and near week high. ...
Lawrence's Comment
Recap
Gapped lower to start the week yet rumors and b.s. from European officials helped Euro to drift higher towards Y-0. Closed the week below Y-0 and above midpoint.
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Lawrence's Comment
Recap
Worst Thanksgiving week in history. Pure selloff breaking every support level after they are touched and bounced off from. Ended the week closing at Y-3 and completed 100% ...
USDJPY Sep 09 to Sep 13 Outlook
Lawrence’s Comment
Ninja breakout to the upside right from the beginning of the week. It then drifted higher to above 100 before sold off violently. Closed the week below midpoint and above Y+1.
Outlook
The run to Y+2 and above confirmed the break of the down trend on daily. As long as B-1 is acting as support, a retest of B+1 is likely.
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