Recap No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the week at Y+3 and near week high.
Outlook Ninja moving higher in a channel. Well structured channel do not last. FBO against B+1 will give us a pullback to B-0.
Lawrence's Comment
Recap
Unfolded completely as expected. Failed at Y+1 as resistance, sold off back down to 1100 area. Closed the week below Y-1.
Outlook
A retest of B-1 is expected but difficult ...
Lawrence's Comment
Recap
Total collapse in the beginning of the week. Yet formed a double bottom from there and zoomed back up to previous week close. Failed from there and ...
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Lawrence's Comment
Recap
Cable breached Y+1 early in the week and holding Y-0 since was ultimate give away that it wanted to go higher. Rally later in the week sent cable to ...
USDJPY Sep 15 to Sep 19 Outlook
Lawrence’s Comment
No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the week at Y+3 and near week high.
Outlook
Ninja moving higher in a channel. Well structured channel do not last. FBO against B+1 will give us a pullback to B-0.
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