Recap Consolidation play earlier part of the week with Y-1 support. Later in the week trouble in Yemen led to break down play which doubled the range for the week. Closed the week below Y-1 and midpoint.
Outlook Weekly consolidation / pullback now confirmed. Y-0 / B+1 now strong resistance. Until swing trend in 4 hour changes, ninja consolidation play continues.
Lawrence's Comment
Recap
As expected, more downside. Y-0 resistance sent this down to almost Y-3. Resistance trend line break gave us a bear flag / up channel back up above Y-1. Closed ...
Lawrence's Comment
Recap
A steep selloff to start the week as expected. Rallied since after the open gap below was filled. Y+2 was tagged. Closed the week above Y+1 and midpoint.
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Lawrence's Comment
Recap
Consolidation above Y-0 as expected. Originally looked like a breakout to the upside was in the making, until news shock hit late in the week. Got the ...
USDJPY Mar 30 to Apr 03 Outlook
Lawrence’s Comment
Consolidation play earlier part of the week with Y-1 support. Later in the week trouble in Yemen led to break down play which doubled the range for the week. Closed the week below Y-1 and midpoint.
Outlook
Weekly consolidation / pullback now confirmed. Y-0 / B+1 now strong resistance. Until swing trend in 4 hour changes, ninja consolidation play continues.
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