Recap Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.
Outlook 3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.
As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.
Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.
Lawrence's Comment
Recap
Got the pullback as expected. Found support at Y-0. Closed the week above Y-0.
Outlook
As long as B-1 acting as support, a retest of B+1 / Y+1 is ...
Lawrence's Comment
Recap
Consolidation play worked out on first 4 days of last week. NFP Friday killed the pullback party and the aggressive swing long players are toasted. Tagged 2X ...
Lawrence's Comment
Recap
Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all ...
USDJPY Aug 12 to Aug 16 Outlook
Lawrence’s Comment
Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.
Outlook
3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.
As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.
Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.
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