Recap Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint.
Outlook As usual retail traders are wrong. All kinds of opinions saying how bad the US economy is yet failed to recognize that the chart says breakout mode.
Normal breakout run gives us on average 200% previous week range. We got 300% this time. Consolidation likely around the closing price.
Lawrence's Comment
Recap
Downside bias happened and tagged downside target of Y-2. But dropped in a 3 pushes down manner instead of a selloff. Closed the week above midpoint.
Outlook
This week due ...
Lawrence's Comment
Recap
Unfolded completely as expected. Failed at Y+1 as resistance, sold off back down to 1100 area. Closed the week below Y-1.
Outlook
A retest of B-1 is expected but difficult ...
Lawrence's Comment
Recap
Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint.
Outlook
Outside week ...
USDJPY Aug 25 to Aug 29 Outlook
Lawrence’s Comment
Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint.
Outlook
As usual retail traders are wrong. All kinds of opinions saying how bad the US economy is yet failed to recognize that the chart says breakout mode.
Normal breakout run gives us on average 200% previous week range. We got 300% this time. Consolidation likely around the closing price.
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