Recap Resistance zone mentioned last week capped initial push higher early in the week. Flushed below Y-1 without tagging Y-2 staged the slingshot move expected. Closed the week above Y+1 and near week high.
Outlook Y+2 and Y+3 are still in play. B-0 / Y-0 now strong support.
Lawrence's Comment
Recap
Another week attempting to bottom out from this area. Closed the week back at Y-0 after initial selloff down to Y-1.
Outlook
Holding above B-0 as support and then ...
Lawrence's Comment
Recap
Gap below previous week low and started a mini crash to not just our closest 12800 (Y-2) target. It also tagged Y-3 quickly. That kind of moves ...
Recap of Last Week Previous year close acted as resistance and a temporary higher high was immediately rejected. As mentioned last time, the breaking of the red zone pointed ...
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USDJPY Jan 25 to Jan 29 Outlook
Lawrence’s Comment
Resistance zone mentioned last week capped initial push higher early in the week. Flushed below Y-1 without tagging Y-2 staged the slingshot move expected. Closed the week above Y+1 and near week high.
Outlook
Y+2 and Y+3 are still in play. B-0 / Y-0 now strong support.
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