Recap Y-0 support and then breakout to upside target mentioned last week. Stalled when getting near Y+3. Closed the week above Y+2 and near week high.
Outlook weekly consolidation / pullback is now over. Weekly uptrend continuation confirmed. Strong support at Y+1 / B-0 zone. More upside in coming weeks.
Lawrence's Comment
Recap
Traded above Y-0 early in the week points potential consolidation for the week. Failed to hold above Y-0 and slided towards Y-1. Failed to tag Y-1 and ...
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Lawrence's Comment
Recap
Bounced off our support zone but failed to go much higher. Closed the week below midpoint.
Outlook
Breaking below B-1 will give way to B-2 quickly.
Lawrence's Comment
Recap
Short squeeze back up to Y+1 as expected filling the open gap above. The move was so dirty that it was erased right after and led to spike reversal ...
USDJPY Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Y-0 support and then breakout to upside target mentioned last week. Stalled when getting near Y+3. Closed the week above Y+2 and near week high.
Outlook
weekly consolidation / pullback is now over. Weekly uptrend continuation confirmed. Strong support at Y+1 / B-0 zone. More upside in coming weeks.
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