Recap Open below Y-1 and flushed down to Y-2 target. Bounced off at once. Measured move back to Y-0 and failed to go higher. That staged the week low as target. Closed the week near week low and Y-2.
Outlook More downside is expected. Y-3 to B-2 is next.
Lawrence's Comment
Recap
Test of Y+1 failed on first try sent NQ back down to Y-0. Y-0 support sent NQ on 2nd try to Y+1. FBO Y+1 sent NQ down to almost ...
USDJPY Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Open below Y-1 and flushed down to Y-2 target. Bounced off at once. Measured move back to Y-0 and failed to go higher. That staged the week low as target. Closed the week near week low and Y-2.
Outlook
More downside is expected. Y-3 to B-2 is next.
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