Recap Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above Y+2 and midpoint.
Outlook The Brexit crime scene finally tagged. B-0 / Y+1 very strong support until proven otherwise.
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Lawrence's Comment
Recap
Found support at previous week close and took off to test Y+1. Held up near Y+1 at previous support and breakout to Y+2. Strong reaction there led to breaking ...
USDJPY Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above Y+2 and midpoint.
Outlook
The Brexit crime scene finally tagged. B-0 / Y+1 very strong support until proven otherwise.
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