Recap First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target Y-0 mentioned last week. Surged to 2x the breakout range and closed the week at B-0.
Outlook If B-0 is defended, retest of B+1 later in the week is likely. However, due to the close being neutral, next week could be range bounded within B-0 to B+1.
Lawrence's Comment
Recap
No selloff. No major bounce. Another pair just stuck at Y-1. Closed the week near Y-1 and midpoint.
Outlook
Looking for a breakout play if B+1 or B-1 is taken out ...
Lawrence's Comment
Recap
S&P gapped down right from the start of the week as if it was going to break below Y-1. Yet it gapped up right after and tagged Y+1 the ...
Lawrence's Comment
Recap
Y+1 rejected with a clean drop below Y-1. End of week shock from BOJ stopped the downward move somehow without expanding to Y-2. Closed the week near Y-1 and ...
Lawrence's Comment
Recap
Clean spike and ledge setup worked out perfectly tagging target near Y-3 and no support until 200% range expansion was completed. Closed the week near Y-4 and week low.
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Lawrence's Comment
Recap
US dollar trashed, but the stock market did not hold up. The correlation had broken down. The most interesting thing from last week was the waterfall formation that ...
USDJPY Mar 07 to Mar 11 Outlook
Lawrence’s Comment
First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target Y-0 mentioned last week. Surged to 2x the breakout range and closed the week at B-0.
Outlook
If B-0 is defended, retest of B+1 later in the week is likely. However, due to the close being neutral, next week could be range bounded within B-0 to B+1.
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