Recap Holding steady near Y+1 early in the week. Then spike high failed to hold above Y+1 and gave us the Y-0 target. Y-0 tagged later in the week. Closed the week above Y-0 and near midpoint.
Outlook A consolidation week in reduced range. Holding Y-0 is sign of strength. As long as Y-0 / B-1 acting as support, B+1 retest is not a problem.
Lawrence's Comment
Recap
Previous week close acted as support all week making the consolidation higher than usual. Closed the week above Y+1 and midpoint.
Outlook
An up channel has developed. A break above B+1 ...
Lawrence's Comment
Recap
The squeeze scenario played out. NQ stalled at the target zone.
Outlook
B-0 will be tested early next week.
Failure to hold above B-0 points to eventually filling at least ...
USDJPY Jun 02 to Jun 06 Outlook
Lawrence’s Comment
Holding steady near Y+1 early in the week. Then spike high failed to hold above Y+1 and gave us the Y-0 target. Y-0 tagged later in the week. Closed the week above Y-0 and near midpoint.
Outlook
A consolidation week in reduced range. Holding Y-0 is sign of strength. As long as Y-0 / B-1 acting as support, B+1 retest is not a problem.
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