Recap No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the week at Y+3 and near week high.
Outlook Ninja moving higher in a channel. Well structured channel do not last. FBO against B+1 will give us a pullback to B-0.
Lawrence's Comment
Recap
Was looking for 2nd consolidation week and got exactly that. Inside week with close below midpoint near Y-0.
Outlook
Coiling up with 2 weeks in a row closing at ...
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USDJPY Sep 15 to Sep 19 Outlook
Lawrence’s Comment
No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the week at Y+3 and near week high.
Outlook
Ninja moving higher in a channel. Well structured channel do not last. FBO against B+1 will give us a pullback to B-0.
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