Recap As stated last week, “Early week buy setup above B-1 will send the pair back up to B-0 quickly”. Did it but that’s all we got. Closed the week at midpoint and below Y-0.
Outlook Inside week with lower midpoint. If it were swinging normally I would say breakout with downside continuation bias.
But it was not normal – 3 news shocks over 2 weeks formed a big triangle. Breakout upside points to quick run to Y+1 / B+2.
ContentReviewEuro at Risk of a MeltdownS&P Limited Upside in Coming MonthsGold Entering Accumulation PhaseBitcoin Searching for a Bottom10-Year Note Yield Ready to Pop AgainBig Picture SummaryReviewEuro got the 1:1 target ...
Lawrence's Comment
Recap
Classic seasonal bias for the last two weeks of the year is mild positive gain, so it is not as bad as many thinks about the selloff into end ...
Lawrence's Comment
Recap
I was looking for a reversal and we got it. The run back up to Y+1 was not a surprise. What is interesting is the continuous grind up despite ...
USDJPY May 28 to Jun 01 Outlook
Lawrence’s Comment
As stated last week, “Early week buy setup above B-1 will send the pair back up to B-0 quickly”. Did it but that’s all we got. Closed the week at midpoint and below Y-0.
Outlook
Inside week with lower midpoint. If it were swinging normally I would say breakout with downside continuation bias.
But it was not normal – 3 news shocks over 2 weeks formed a big triangle. Breakout upside points to quick run to Y+1 / B+2.
Keeping an open mind on this one.
Share