Recap Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near midpoint.
Outlook 2nd inside week in place with even stronger breakout play. Wait and see until ninja can move out of the current congestion zone.
Lawrence's Comment
Recap
Just like ninja, support zone failed to produce a low. Door to Y-1 opened. Y-1 target zone reached and the drop stalled. Closed the week below Y-0 and near ...
ContentReviewEuro Breakdown Mode BeginsS&P Done with the UpsideGold Consolidation ContinuesBig Picture SummaryReviewEuro pullback to retest the breakout down channel top turned into all out selloff for a new low, filling ...
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USDJPY Sep 21 to Sep 25 Outlook
Lawrence’s Comment
Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near midpoint.
Outlook
2nd inside week in place with even stronger breakout play. Wait and see until ninja can move out of the current congestion zone.
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