Recap Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook Rally was a result of low volume stop run. B-0 down to Y-0 has to be refilled to build a better bottom if Ninja wants to go higher. Holiday mode means mainly tight range sideway action.
Lawrence's Comment
Recap
B-0 failed to act as support on pullback leading to a flush back down to Y-1. News shock played a big role on the flush though. Closed ...
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Lawrence's Comment
Recap
My read of a retest of Y+1 was correct but NQ failed to take it out. Slided back down to Y-0 after multiple tries. Y-0 was not ...
USDJPY Dec 23 to Dec 27 Outlook
Lawrence’s Comment
Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook
Rally was a result of low volume stop run. B-0 down to Y-0 has to be refilled to build a better bottom if Ninja wants to go higher. Holiday mode means mainly tight range sideway action.
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