Lawrence's Comment
Recap
Y-1 breached early in the week but did not act as resistance. W. spring formed with Y-1 acting as support sending euro back up to Y-0. Closed the week ...
Lawrence's Comment
Recap
Got more downside as expected. 50% range of previous wide range week is quite normal. Almost tagged Y-2 before finding support. Closed the week below midpoint and Y-1.
Outlook
Earlier part ...
USDJPY Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Quick fall early in the week due to news shock. Then struggled to hold and failed to go above Y-0. Closed the week above Y-0 but below midpoint.
Outlook
Indecision. Need B-0 turning into support as evidence that it is ready to go higher. Otherwise sideway likely.
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