Recap A higher high and higher low on weekly finally formed.
Outlook As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place. Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
Lawrence's Comment
Recap
Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high.
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Lawrence's Comment
Recap
FBO against Y-1 early in the week sent cable back up to 100% absolute range expansion. Stalled from there since. Closed the week above Y-0 and midpoint.
Outlook
Signs of a ...
USDJPY Nov 28 to Dec 02 Outlook
Lawrence’s Comment
A higher high and higher low on weekly finally formed.
Outlook
As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place.
Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
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