Recap As expected, the range is now bounded by the outside week range. Rejected previous week close, ninja simply falling back down to Y-1. Closed the week near Y-1 and week low.
Outlook Nikkei weaknesses is one of the driving factor but situation in Ukraine is likely the most important contributing factor. Contrary to what you read in the Western news outlets. Russia this time is the one that followed international law while US violated every UN rules on the book in dealing with the situation.
Inside week. B-0 / Y-0 now strong resistance. Chart patterns suggest more downside likely.
Lawrence's Comment
Recap
Y-0 resistance sent Euro lower. Y-1 not strong support as explained last time. Euro found support after 100% absolute range expansion to the down side. Strong bounce back up ...
ContentReviewEuro at Risk of a MeltdownS&P Limited Upside in Coming MonthsGold Entering Accumulation PhaseBitcoin Searching for a Bottom10-Year Note Yield Ready to Pop AgainBig Picture SummaryReviewEuro got the 1:1 target ...
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
Found support at the support zone mentioned last week. Rallied to Y+1 and closed the week there.
Outlook
Likely that the pair has found its daily level bottom. As long ...
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 Mar 17 to Mar 21 Outlook
Lawrence’s Comment
As expected, the range is now bounded by the outside week range. Rejected previous week close, ninja simply falling back down to Y-1. Closed the week near Y-1 and week low.
Outlook
Nikkei weaknesses is one of the driving factor but situation in Ukraine is likely the most important contributing factor. Contrary to what you read in the Western news outlets. Russia this time is the one that followed international law while US violated every UN rules on the book in dealing with the situation.
Inside week. B-0 / Y-0 now strong resistance. Chart patterns suggest more downside likely.
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