Recap Y-0 did not act as support, so no fuel to go higher. Consolidation week closing below Y-0 and midpoint.
Outlook 3rd week of compression in place. Breakout of this range will be explosive. As long as Y-0 / B-0 acting as resistance, the bear flag can lead to a violent flush to Y-1 / B-2 as the first breakout attempt.
Lawrence's Comment
Recap
ES acted as bullish as it can be as expected last week. But that strength disappeared when the fiscal cliff talks taking over the media. During Thursday ...
Lawrence's Comment
Recap
Further compression happened. Price broken down to Y-2 resulted in a strong bounce from Y-2 twice. However, closed the week at midpoint below Y-1.
Outlook
Clearly intervention at this 76 ...
Lawrence's Comment
Recap
Inside week. Y-1 tested and bounced off. Rallied to almost Y+1 and stalled. Closed the week near Y-1.
Outlook
End of week selloff was driven by news. US dollar ...
Lawrence's Comment
Recap
One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And ...
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USDJPY Aug 13 to Aug 17 Outlook
Lawrence’s Comment
Y-0 did not act as support, so no fuel to go higher. Consolidation week closing below Y-0 and midpoint.
Outlook
3rd week of compression in place. Breakout of this range will be explosive. As long as Y-0 / B-0 acting as resistance, the bear flag can lead to a violent flush to Y-1 / B-2 as the first breakout attempt.
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