Recap Was looking for signs of weekly up trend to be defended and we got it last week. Y-1 / previous week close acted as support and sent ninja back to near Y+1. Closed the week above Y-0 and midpoint.
Outlook Inside week with both midpoints at about same level. Upside breakout points to a run to at least B+2 and potentially B+3.
Lawrence's Comment
Recap
The week actions from the week prior to last week led to a gap down open for the week. That in turn helped Dow to form a better bottom ...
Lawrence's Comment
Recap
As expected we got our pullback. Better yet, it blown through the support at Y-1, triggering the Y-3 to Y-4 target which was tagged quickly in 2nd half ...
USDJPY Jun 29 to Jul 03 Outlook
Lawrence’s Comment
Was looking for signs of weekly up trend to be defended and we got it last week. Y-1 / previous week close acted as support and sent ninja back to near Y+1. Closed the week above Y-0 and midpoint.
Outlook
Inside week with both midpoints at about same level. Upside breakout points to a run to at least B+2 and potentially B+3.
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