Recap Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed the week near Y+3 and week high.
Outlook More upside expected. Consolidation / pullback to Y+2 is reasonable.
Lawrence's Comment
Recap
NQ attempt Y+1 and produced a FBO on daily. This gives us Y-1 target. NQ sold off to 100% absolute range and tried to bounce. Closed the week below ...
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USDJPY Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed the week near Y+3 and week high.
Outlook
More upside expected. Consolidation / pullback to Y+2 is reasonable.
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