Recap Y-0 resistance gave us test of Y-1 and it was cleared with the added bonus of clearing the support trend line formed over the past 2 weeks. Normal target of Y-2 was tagged. Closed the week near Y-2 and week low.
Outlook Measured down move points to Y-3 target yet it was not tagged last week. If it is taken care of early this week a bounce to B-0 is likely.
Ninja entered weekly timeframe longer term support zone here. Bottom forming in this region in coming weeks will be good for a run to year high.
Lawrence's Comment
Recap
Previous week close acted as support and in turn making Y-0 into support. Pushed to Y+1 target and collapsed back down since. Y-1 strong support as mentioned last week ...
Lawrence's Comment
Recap
Data repair was done after the chart update over the weekend. Next week will have the correct prices shown. Euro slipped below Y-1 yet no stops were discovered which ...
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
What I said last week, "Situation in Greece can cause extreme volatility that do not mean anything." All week wild swings and ended up with nothing. Closed the week ...
USDJPY Jun 30 to Jul 04 Outlook
Lawrence’s Comment
Y-0 resistance gave us test of Y-1 and it was cleared with the added bonus of clearing the support trend line formed over the past 2 weeks. Normal target of Y-2 was tagged. Closed the week near Y-2 and week low.
Outlook
Measured down move points to Y-3 target yet it was not tagged last week. If it is taken care of early this week a bounce to B-0 is likely.
Ninja entered weekly timeframe longer term support zone here. Bottom forming in this region in coming weeks will be good for a run to year high.
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