Recap Perfect weekly bullish mean rejection. 100% absolute range expansion ended the move. Closed the week above Y+1 and midpoint.
Outlook More upside is expected as long as B-0 is acting as support. A repeat of last week price actions will create longer term weaknesses above at Y+2 / B+2.
Lawrence's Comment
Recap
Y+1 support helped ninja to push straight up to Y+3 breakout target. Closed the week near Y+3 and above midpoint.
Outlook
Initial run probably done. Y+3 resistance will signal ...
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
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 31 to Apr 04 Outlook
Lawrence’s Comment
Perfect weekly bullish mean rejection. 100% absolute range expansion ended the move. Closed the week above Y+1 and midpoint.
Outlook
More upside is expected as long as B-0 is acting as support. A repeat of last week price actions will create longer term weaknesses above at Y+2 / B+2.
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