Recap Up drift all week back to the crime screne after previous week close defended. Closed the week above Y-0 and midpoint.
Outlook Inside week like the other majors. Bear flag on daily. A retest of B-0 and below likely and how ninja reacts down there will tell us if the daily selloff is over.
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Lawrence's Comment
Recap
Y-0 failed to hold Aussie, got the flush to Y-1. Y-1 found support, zoomed back up to Y+1. Strong reaction to Y+1 yet midpoint of week acted as support. ...
Lawrence's Comment
Recap
Held Y-1 in beginning of the week led to a bounce towards Y-0. Failed to reach Y-0 and retested Y-1 as expected. Consolidated around Y-1 since. Closed the week ...
USDJPY Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Up drift all week back to the crime screne after previous week close defended. Closed the week above Y-0 and midpoint.
Outlook
Inside week like the other majors. Bear flag on daily. A retest of B-0 and below likely and how ninja reacts down there will tell us if the daily selloff is over.
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