Took a full week to tag the yellow zone. The mid week bounce came from previous quarter low. Closed the week at the high.
Next week outlook
Same price zone as last week, with expectation of stronger swing once yen has decided what to do at that yellow zone. Breaking above, yen can go all the way to previous quarter midpoint.
Sell from yellow zone implies 82 in play.
Another pair that sits right at weekly + monthly critical price zone.
Lawrence's Comment
Recap
2 weekly down trend resistance breakout gave us a run to 2 week high and in turn stops are found and sent Aussie to Y+2. Strong reaction at Y+2 ...
Lawrence's Comment
Recap
ES breakout to the upside and tagged the minimal target of Y+2. Reversed from there and failed to hold Y+1 gave us Y-0. ES did not just tag Y-0. ...
USDJPY Week of Nov 29th to Dec 3rd Outlook
Recap of last week
Took a full week to tag the yellow zone. The mid week bounce came from previous quarter low. Closed the week at the high.
Next week outlook
Same price zone as last week, with expectation of stronger swing once yen has decided what to do at that yellow zone. Breaking above, yen can go all the way to previous quarter midpoint.
Sell from yellow zone implies 82 in play.
Another pair that sits right at weekly + monthly critical price zone.
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