Recap Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at Y+1 and above midpoint.
Outlook An up trend is now in place for 4 hours and daily. As long as Y-0 upto B-0 acting as support, one more push higher is likely.
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
As mentioned last week, there is limited upside potential and that is exactly what happened. Dow failed to push higher and thru multiple volatile swings, it traded ...
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
USDJPY Aug 26 to Aug 30 Outlook
Lawrence’s Comment
Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at Y+1 and above midpoint.
Outlook
An up trend is now in place for 4 hours and daily. As long as Y-0 upto B-0 acting as support, one more push higher is likely.
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