Recap Bottom of the boundary on weekly tested and rejected. Door opened to challenge Y+1 since and was tested near end of the week. Closed the week above Y-0 and midpoint.
Outlook Still trapped within the same range, no directional play until we get clear signs which way this pair wants to go. Hands off until we get a strong move on daily out of this pair.
Lawrence's Comment
Recap
1-2-3 sell from Y+1 gave us Y-0. Y-0 support sent NQ back up to Y+1 and breakout to Y+2. Closed the week near Y+2 and week high.
Outlook
Uptrend ...
Lawrence's Comment
Recap
Y-0 support sent NQ up to Y+2 and above. 4700 round number resistance sent NQ back down. Closed the week below Y+1 and midpoint.
Outlook
Upchannel / Bear flag ...
USDJPY Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Bottom of the boundary on weekly tested and rejected. Door opened to challenge Y+1 since and was tested near end of the week. Closed the week above Y-0 and midpoint.
Outlook
Still trapped within the same range, no directional play until we get clear signs which way this pair wants to go. Hands off until we get a strong move on daily out of this pair.
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