Recap Beautiful breakout to the upside from support zone as expected. Stop run beyond Y+2 took ninja up to 200% range expansion. Closed the week above Y+3 and near week high.
Outlook More upside is expected with BOJ potentially jawboning the market when ninja hits 123. Consolidation around B+1 will still be very volatile in nature.
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Lawrence's Comment
Recap
As expected Y+1 was tagged. Y+1 resistance sent ninja back down to Y-0. 50% range bounded all the actions. Closed the week above Y-0 and midpoint.
Outlook
No strong ...
Simplex was created along with several other models long time ago to provide daily guidelines to a group of forex traders who worked with me long time ago. These models ...
USDJPY Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Beautiful breakout to the upside from support zone as expected. Stop run beyond Y+2 took ninja up to 200% range expansion. Closed the week above Y+3 and near week high.
Outlook
More upside is expected with BOJ potentially jawboning the market when ninja hits 123. Consolidation around B+1 will still be very volatile in nature.
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