Recap As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but it is not confirmed on daily as price snapped back up immediately. Closed the week below Y-0 and above midpoint.
Outlook Still within the previous consolidation range means we have to wait for the daily level breakout again. Strong reaction below Y-1 and 119 means an attempt at the other end B+1 and above is likely.
Lawrence's Comment
Recap
Monday gapped below critical support which then turned into resistance. Trend sell all week until 200% aboslute range expansion was reached. Closed the week below Y-5 and at week ...
Lawrence's Comment
Recap
Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at ...
Lawrence's Comment
Recap
NQ consolidated around its previous week close and then took off to test Y+1 from below. Clean break out above Y+1 points to strength and NQ drifted higher since ...
USDJPY Oct 05 to Oct 09 Outlook
Lawrence’s Comment
As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but it is not confirmed on daily as price snapped back up immediately. Closed the week below Y-0 and above midpoint.
Outlook
Still within the previous consolidation range means we have to wait for the daily level breakout again. Strong reaction below Y-1 and 119 means an attempt at the other end B+1 and above is likely.
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