Recap Pullback to support as expected but failed to clear 50% range once ninja tagged the price where the breakdown started the week before. Closed the week below Y-0 and above midpoint.
Outlook Inside week with similar close. Trapped between 2 closest price levels. Breakout play of B+1 and B-1 could be tricky as FBO is a feature of the summer. First side taken out has a good chance of being FBO leading to whiplash back to the other end.
Lawrence's Comment
Recap
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over ...
Lawrence's Comment
Recap
News driven market condition as noted in last week's comment materialized. Messy price actions all week due to news / rumours yet our trusted NFP biases all worked out. ...
Lawrence's Comment
Recap
Rallied to Y+1 but failed to hold above it. That points to a pullback to Y-0. Instead, ES gapped thru Y-0 and dropped to 100% absolute range expansion ...
USDJPY Jun 23 to Jun 27 Outlook
Lawrence’s Comment
Pullback to support as expected but failed to clear 50% range once ninja tagged the price where the breakdown started the week before. Closed the week below Y-0 and above midpoint.
Outlook
Inside week with similar close. Trapped between 2 closest price levels. Breakout play of B+1 and B-1 could be tricky as FBO is a feature of the summer. First side taken out has a good chance of being FBO leading to whiplash back to the other end.
Share