Recap Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a flush straight down to 100% range expansion. Closed the week below Y-4 and near week low.
Outlook News shock points to potential bounce back up to crime scene above at Y-2 if ninja manages to hold B-1 with w. spring actions.
Lawrence's Comment
Recap
Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. ...
Lawrence's Comment
Recap
Flushed down to Y-2 and found support. Gapped higher to test Y-1 and stalled. Swinged around Y-1 while waiting for NFP. NFP Friday open held the open gap below ...
Lawrence's Comment
Recap
Drifted near B-1 as mentioned last week. That led to a flush below Y-1. Yet news shock from euro zone changed its course and forced a reversal ...
Lawrence's Comment
Recap
As oppose to holding above Y-0. Canadian dollar moved with its other metal currency pairs gaining strength over USD.
The failure to hold above Y-0 points to the ...
USDJPY Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a flush straight down to 100% range expansion. Closed the week below Y-4 and near week low.
Outlook
News shock points to potential bounce back up to crime scene above at Y-2 if ninja manages to hold B-1 with w. spring actions.
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