Recap Trend line break play worked out with ninja dropped to almost Y-3. Strong reaction right after taking ninja back up to exactly where the breakdown started. Closed the week near Y-2 and midpoint.
Outlook Wide range week and daily up trend broken points to consolidation play this week. 50% of previous week range is expected.
USDJPY Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Trend line break play worked out with ninja dropped to almost Y-3. Strong reaction right after taking ninja back up to exactly where the breakdown started. Closed the week near Y-2 and midpoint.
Outlook
Wide range week and daily up trend broken points to consolidation play this week. 50% of previous week range is expected.
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