Recap Rallied to Y-0 early in the week forming a bear flag. Sold off once the bear flag was broken to tbe downside. Y-2 target area reached but not bearish enough to zoom down to Y-3. Closed the week at around Y-1.
Outlook 1.45 resistance will stop any further rally attempt.
As long as B-0 to Y-1 acts as resistance, B-1 will be retested and Y-3 is the next downside target.
Lawrence's Comment
Recap
Y-1 tested led to a run for Y+1. Y+1 also rejeted. Closed the week above Y-0 and midpoint.
Outlook
Inside week gives us breakout mode. Targets B+3 and B-3.
...
Lawrence's Comment
Recap
FBO from the start of the week against Y+1 gave us a flush back down to below Y-0. At 100% absolute range expansion NQ found support and zoomed back ...
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
As oppose to holding above Y-0. Canadian dollar moved with its other metal currency pairs gaining strength over USD.
The failure to hold above Y-0 points to the ...
EURUSD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Rallied to Y-0 early in the week forming a bear flag. Sold off once the bear flag was broken to tbe downside. Y-2 target area reached but not bearish enough to zoom down to Y-3. Closed the week at around Y-1.
Outlook
1.45 resistance will stop any further rally attempt.
As long as B-0 to Y-1 acts as resistance, B-1 will be retested and Y-3 is the next downside target.
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