Recap Y-1 held sending ninja back up to Y-0 and then Y+1. Y-0 support since helping ninja to retest and complete measured move on weekly to the upside. Closed the week above Y-0 and midpoint.
Outlook The up move last week was not a strong one but helped to build a support zone at Y-0 / B-0. If that is breached, ninja will drop back down to Y-1 / B-1. If it is a weekly bear flag in the making, ninja will have one more push towards Y+2.
Lawrence's Comment
Recap
Collapsed down to target as expected BUT that is not shown in the chart because the selloff happened in afterhours. Bounced off that afterhours low and never looked ...
Lawrence's Comment
Recap
Bearish drift to new low below Y-1. Tight range. Closed below midpoint.
Outlook
To go long we need a confirmed bottom, B+1 has to be taken out with B-0 acting ...
USDJPY Apr 13 to Apr 17 Outlook
Lawrence’s Comment
Y-1 held sending ninja back up to Y-0 and then Y+1. Y-0 support since helping ninja to retest and complete measured move on weekly to the upside. Closed the week above Y-0 and midpoint.
Outlook
The up move last week was not a strong one but helped to build a support zone at Y-0 / B-0. If that is breached, ninja will drop back down to Y-1 / B-1. If it is a weekly bear flag in the making, ninja will have one more push towards Y+2.
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