Recap Breached Y-1 early in the week setup ninja to go down to Y-2 and below. Got that taken care of and then ninja bounced back to new high for the week. Closed the week above Y-1 and midpoint.
Outlook Got the flush expected from last week and now ninja has a wyckoff spring in place. As long as B-0 is acting as support, a rally back to B+2 is expected.
Lawrence's Comment
Recap
Consolidation actions around Y+1. Lower boundary of open gap filled while crime scene above from the last sell off stopped the rally attempt. Closed the week near Y-0 and ...
Lawrence's Comment
Recap
Consolidation after the wide range run is normal. Pullback to near Y-0. Closed the week above Y-0 and near midpoint.
Outlook
No confirmation for a blowoff top as Y-0 ...
USDJPY Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Breached Y-1 early in the week setup ninja to go down to Y-2 and below. Got that taken care of and then ninja bounced back to new high for the week. Closed the week above Y-1 and midpoint.
Outlook
Got the flush expected from last week and now ninja has a wyckoff spring in place. As long as B-0 is acting as support, a rally back to B+2 is expected.
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