Took a full week to tag the yellow zone. The mid week bounce came from previous quarter low. Closed the week at the high.
Next week outlook
Same price zone as last week, with expectation of stronger swing once yen has decided what to do at that yellow zone. Breaking above, yen can go all the way to previous quarter midpoint.
Sell from yellow zone implies 82 in play.
Another pair that sits right at weekly + monthly critical price zone.
Lawrence's Comment
Recap
Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and ...
Lawrence's Comment
Recap
No pullback, just consolidation in tight range around previous week close / high zone. NQ then took off with ES and Dow upon the non-resolution in Europe on Friday. ...
USDJPY Week of Nov 29th to Dec 3rd Outlook
Recap of last week
Took a full week to tag the yellow zone. The mid week bounce came from previous quarter low. Closed the week at the high.
Next week outlook
Same price zone as last week, with expectation of stronger swing once yen has decided what to do at that yellow zone. Breaking above, yen can go all the way to previous quarter midpoint.
Sell from yellow zone implies 82 in play.
Another pair that sits right at weekly + monthly critical price zone.
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