Trading Edges That Last
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USDJPY Mar 07 to Mar 11 Outlook
Lawrence’s Comment
First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target Y-0 mentioned last week. Surged to 2x the breakout range and closed the week at B-0.
Outlook
If B-0 is defended, retest of B+1 later in the week is likely. However, due to the close being neutral, next week could be range bounded within B-0 to B+1.
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