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Lawrence's Comment Recap Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint. Outlook The drop ...READ MOREContentReviewEuro Shaping Up for More UpsideS&P Reached the Minimal Quarterly Expansion TargetGold Consolidation ContinuesBig Picture SummaryReviewEuro held onto the original down channel resistance as support and challenging the up channel ...READ MORELawrence's Comments Recap As mentioned during the week in real-time commentaries, this pair tagged its upside target at Y+3 and a retest of Y+1 was due. Right before the week ...READ MOREWeekly Cycle Projection (USDJPY) 2022-10-17EURUSD Feb 04 to Feb 08 OutlookWeekly Cycle Projection (USDJPY) 2022-06-063DP Odds Table (USDJPY) 2013-06-11EURUSD Nov 03 to Nov 07 OutlookIntraday Cycle Projection (USDJPY) 2013-08-08Nasdaq 100 Jul 20 to Jul 24 OutlookGBPUSD Sep 19 to Sep 23 OutlookMBO Issue 108 (Dec 2020) In the EyeGBPUSD Feb 07 to Feb 11 Outlook
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USDJPY Dec 09 to Dec 13 Outlook
Lawrence’s Comment
Rallied continued to tag Y+2. Turned into spike high and breached Y+1 giving us more downside. Dropped down to below Y-0 and found support. Closed the week above Y+1 and midpoint.
Outlook
The pullback I was looking for happened right on schedule. Relatively the week range is already greater than the one before so it is a significant pullback. On weekly basis, there is no damage to the up trend itself.
As long as Y-0 / B-0 can act as support zone, retest of B+1 and higher is likely. The swings can get very wild from this point because intervention by Japanese government can happen anytime but their effort to slow down the weakening of yen will likely fail.
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