Recap As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.
For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.
Lawrence's Comment
Recap
Classic STOPD consolidation behaviour - rejected Y-1 and zoom back to Y+1. The more interesting thing happened was that the week closed above Y+1.
Outlook
The breakout is officially ...
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It is reported that in China, many banks and luxury boutiques in major cities are running out of physical gold as retail customers are rushing in to buy physical gold ...
Lawrence's Comment
Recap
Bearish expectation worked out. Y-1 resistance sent Aussie down to below Y-2. Closed the week below Y-2 and near week low.
Outlook
Potential breakdown in the making with target ...
USDJPY Nov 21 to Nov 25 Outlook
Lawrence’s Comment
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook
We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.
For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.
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