Recap Ninja was so strong, it pushed to 122 first in the beginning of the week setting up Y+1 as the consolidation midpoint. Closed the week near Y+1 and midpoint.
Outlook A strong up trend is established with clear support line in place. Breaking below 121 decisively points to Y-0 and B-2 in play. This is normal reaction to the push higher on weekly and monthly, not the marking of a top.
Lawrence's Comment
Recap
Reduced range drifting. Closed above Y+1 and midpoint.
Outlook
As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more ...
Lawrence's Comment
Recap
The support zone mentioned last week worked out very well. B+1 was taken out quickly as expected too. Consolidation scenario played out like a script.
Outlook
As the support zone ...
Lawrence's Comment
Recap
As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above ...
Lawrence's Comment
Recap
Beautiful spike reversal with follow thru. Cannot stop dropping until after 200% range expansion / Y-5. Closed the week near Y-5 and week low.
Outlook
ECB's actions are intentional ...
USDJPY Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Ninja was so strong, it pushed to 122 first in the beginning of the week setting up Y+1 as the consolidation midpoint. Closed the week near Y+1 and midpoint.
Outlook
A strong up trend is established with clear support line in place. Breaking below 121 decisively points to Y-0 and B-2 in play. This is normal reaction to the push higher on weekly and monthly, not the marking of a top.
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