Recap Further pullback to Y-2 and bounced. Y-0 acted as resistance again. When Y-1 also turned into resistance we gone breakdown move to Y-4. Closed the week near Y-4 and week low.
Outlook Ninja simply dropped back down to the crime scene where the last squeeze higher started. This means there is no real push in either direction. We are still looking at monthly consolidation in a wide range. Next week is middle of the summer holiday season so consolidation around B-1 is likely with reduced range.
Lawrence's Comment
Recap
Retested Y+1 as expected. That led to a quick selloff back down to Y-0 and stopped there. Aussie bounced back up to week high zone and stalled. Closed the ...
Lawrence's Comment
Recap
Dow tried to hold the prior support zone but failed. Flushed down to 16300 round number and defended the level. The quick snap back up gave us a go ...
USDJPY Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Further pullback to Y-2 and bounced. Y-0 acted as resistance again. When Y-1 also turned into resistance we gone breakdown move to Y-4. Closed the week near Y-4 and week low.
Outlook
Ninja simply dropped back down to the crime scene where the last squeeze higher started. This means there is no real push in either direction. We are still looking at monthly consolidation in a wide range. Next week is middle of the summer holiday season so consolidation around B-1 is likely with reduced range.
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