Recap Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.
Outlook 3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.
As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.
Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.
Lawrence's Comment
Recap
Opened strong challenging Y+1 but failed to go higher. That opened the door to other extreme at Y-1. Dropped down to almost there at 100% absolute range expansion and ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Monday price shock failed to force ninja down to Y-2. FBO against Y-1 lead to Y-0 test. Y-0 acted as resistance and sent ninja back down to Y-1. Closed ...
USDJPY Aug 12 to Aug 16 Outlook
Lawrence’s Comment
Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.
Outlook
3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.
As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.
Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.
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