Recap Tight range consolidation before FOMC announcement. After that, spike high to test Y-0 and failed to clear it. Fell hard down to Y-2 before finding support. Closed the week below Y-1 and midpoint.
Outlook Crime scene Y-1 / B-0 strong resistance until turning into support.
Lawrence's Comment
Recap
As expected, a bounce to Y-0 could not be avoided and that it would not stop the bounce also materialized. The interesting thing is that it was done through ...
USDJPY Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Tight range consolidation before FOMC announcement. After that, spike high to test Y-0 and failed to clear it. Fell hard down to Y-2 before finding support. Closed the week below Y-1 and midpoint.
Outlook
Crime scene Y-1 / B-0 strong resistance until turning into support.
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