Recap Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint.
Outlook Outside week strong close. Potential weekly reversal in place. As long as B-0 is not breached ninja will go higher in coming weeks.
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
Intense fight at Y-0 for control early in the week. Bulls won the battle and led to breakout above Y+1 and tagged Y+2. Closed the week above Y+1 and ...
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
First test of Y+1 held ninja back. Y-0 acted as support on pullback. 2nd try at Y+1 cleared the resistance. Strong reaction right below 104 sending ninja back down ...
Lawrence's Comment
Recap
Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint.
Outlook
Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below ...
USDJPY Jul 07 to Jul 11 Outlook
Lawrence’s Comment
Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint.
Outlook
Outside week strong close. Potential weekly reversal in place. As long as B-0 is not breached ninja will go higher in coming weeks.
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