Recap Pullback to Y-0 and then breaking down to below Y-1. Suport found underneath Y-1 and forced a bounce back up to Y-0. Closed the week below Y-0 and near midpoint.
Outlook Y-0 / B-0 resistance for retest of Y-1 / B-1. Clearing Y-0 points to test of Y+1 and range expansion towards B+2.
Lawrence's Comment
Recap
What a week with euro. Upside breakout first only to close the open gap above and collapsed right back below Y+1 and going all the way back down to ...
Lawrence's Comment
Recap
As expected, Y+1 tagged early in the week. Consolidation since then.
Outlook
As long as Y-0 to B-1 acts as support, retest of B+1 is likely.
A quick break of ...
Lawrence's Comment
Recap
NQ was the only normal index out of the big 3 last week. Test of Y-0 gave us a break below Y-1. Found support at 3400 round number. Spike ...
Lawrence's Comment
Recap
First half of the week formed a perfect head and shoulder that has a target breaking the Y-0 support area. That resulted in a drop running towards the ...
USDJPY Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Pullback to Y-0 and then breaking down to below Y-1. Suport found underneath Y-1 and forced a bounce back up to Y-0. Closed the week below Y-0 and near midpoint.
Outlook
Y-0 / B-0 resistance for retest of Y-1 / B-1. Clearing Y-0 points to test of Y+1 and range expansion towards B+2.
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