Recap 3 Pushes Up top as mentioned last week gave us a clean sell off down to Y-2 and waterfall effect carried ninja lower to below Y-3. Closed the week below Y-3 and near week low.
Outlook The last part of the flush is mainly stop run. A bounce to 123 area is reasonable. Consolidation play around B-1 with reduced range likely.
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Lawrence's Comment
Recap
Nothing happened to Euro, so cable stayed there in consolidation. Y+1 resistance sent cable back down to Y-0 and then it took off to new high. Equal distance from ...
Lawrence's Comment
Recap
Aussie found resistance from Y+1 resistance zone and stalled back down to near the crime scene below. Closed the week below Y-0 and midpoint.
Outlook
Y-0 / B-0 confirmed resistance with ...
USDJPY Aug 24 to Aug 28 Outlook
Lawrence’s Comment
3 Pushes Up top as mentioned last week gave us a clean sell off down to Y-2 and waterfall effect carried ninja lower to below Y-3. Closed the week below Y-3 and near week low.
Outlook
The last part of the flush is mainly stop run. A bounce to 123 area is reasonable. Consolidation play around B-1 with reduced range likely.
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