Trading Edges That Last
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USDJPY Sep 10 to Sep 14 Outlook
Lawrence’s Comment
Tried so hard to hold the 78 zone, including a news shock mid-week to breakout above Y+1. Yet, US NFP report has re-ignited the QE3 rumor and toasted the breakout. Closed the week near Y-1 and week low.
Outlook
Outside down week is enforcing a slow down channel on Ninja.
As long as B-0 is acting as resistance, looking for another tight range down week with down side target Y-3 / B-2.
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