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 ...
Lawrence's Comment
Recap
Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed ...
Lawrence's Comment
Recap
Warned Y-0 is the line in the sand where European officials would defend. Happened like clockwork. Free ride up to almost Y+2. Closed the week above Y+1 and midpoint.
Outlook
Chart ...
USDJPY Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Ninja flushed below Y-3 as expected with no snap back. Y-4 acted as support since. Closed the week below Y-3 and midpoint.
Outlook
Brexit can indirectly affects ninja jumping back up to Y-1 or B-2 quickly. Wait and see mode.
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